UK is imposing a inheritance tax of 20% on farms, means that if you worked all your life on a farm with your dad and you inherit it after he passes … you need to likely sell the farm.

That’s how it works:
– A farm is worth 1,000,000
– After all costs and salaries it makes 10,000 a month
– They tax the 10,000 as income

Now your dad dies and you get the farm.
– Unless you have 200,000 cash on hand to pay for it, you need to sell it.

https://x.com/MyLordBebo/status/1858789696333078794

Are they trying to make taxing dead people sound exciting?

https://x.com/MyLordBebo/status/1858557462070059400

 

It’s not equitable that farmers have hoarded land just because you want to eat — what A*holes!