on October 31, 2024, 6:55 pm, in reply to "You can sell part of a portfolio. If you sell part of your farm the remainder might not be viable"
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as a family business. Sheep etc need a certain amount of grazing land. And that's assuming there is someone who wants to buy a fractional piece of farmland to run as a separate farm.
So farmer may well end up selling the whole farm.
And once farmland is sold to builders it is permanently lost to farming which is a loss to the country.
Quite different from selling down a stock portfolio. Previous Message
But there’s nothing about a farm that isn’t equally true about a property portfolio or a beautifully designed share portfolio. I’d like more land! isn’t a great case for an exemption. Previous Message
My landlord died this year, he had over 100 properties
His family are in the process of selling some to cover the required taxes
I'm not sure why Farmers should get exemption thats all.
I possibly dont understand farming, I get that.
I just tend to be less sympathetic when I see millionaires complaining, about having to abide by the rules others have to
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