A farmer dies in April 2026.
His son inherits the farm. The farm has been in the family since 1847.
The farm consists of: 300 acres of grazing pasture, a farmhouse built in 1892, a barn, a milking parlour, two tractors of varying ages, a Land Rover that runs about 70% of the time, and a herd of 180 Hereford-cross cattle.
On paper, the farm is worth approximately £3.2 million. This is because land near him has been bought recently by a London hedge fund looking for carbon credits, which has dragged the comparable value of every field within forty miles upward to a number nobody local can justify.
In cash, the farm produces a profit of about £28,000 a year in a good year. In a bad year it loses money. The son also works as a fencing contractor three days a week to keep the operation viable.
The inheritance tax bill on a £3.2 million estate, even at the reduced 20% rate, comes to approximately £140,000 after the increased threshold is applied. The son does not have £140,000. The son has never had £140,000. The son has £4,200 in his current account and an overdraft.
The son sells 60 acres to a developer to pay the tax. The developer puts solar panels on the 60 acres. The remaining herd cannot be sustained on the reduced land. The herd is sold. The barn becomes a holiday let.
A different family eats Brazilian beef this Christmas without knowing why the price went up.
The Treasury collects £140,000.
The land never produces British food again.
Someone posted this on Facebook...so true!
Tax his land,
Tax his bed,
Tax the table
At which he's fed.
Tax his work,
Tax his pay,
He works for peanuts
Anyway!
Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.
Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.
Tax his car,
Tax his gas,
Find other ways
To tax his ass.
Tax all he has
Then let him know
That you won't be done
Till he has no dough.
When he screams and hollers;
Then tax him some more,
Tax him till
He's good and sore.
Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid.
When he's gone,
Do not relax,
It's time to apply
The inheritance tax.
Accounts Receivable Tax
Airline surcharge tax
Airline Fuel Tax
Airport Maintenance Tax
Building Permit Tax
Cigarette Tax
Cooking Tax
Corporate Income Tax
Goods and Services Tax (GST)
Death Tax
Driving Permit Tax
Environmental Tax (Fee)
Excise Taxes
Income Tax
Fishing License Tax
Food License Tax
Petrol Tax (too much per litre)
Gross Receipts Tax
Health Tax
Heating Tax
Inheritance Tax
Interest Tax
Lighting Tax
Liquor Tax
Luxury Taxes
Marriage License Tax
Mortgage Tax
Pension Tax
Personal Income Tax
Property Tax
Poverty Tax
Real Estate Tax
Retail Sales Tax
Service Charge Tax
Telephone Tax
Value Added Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Water Tax
Tax (VAT) on Tax.
And Now they want a blooming Carbon Tax!
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, & our nation was one of the most prosperous in the world... We had absolutely no national debt, had a large middle class,a huge manufacturing base, and Mum stayed home to raise the kids.
What in the happened? Could it be the lying parasitic politicians wasting our money?
Oh, and don't forget the relatively new bank charges....
And we all know what we think of Bankers.
I hope this goes around the UK at least 1,000,000,000 times!!!
YOU can help it get there!
@qpe@Trippiercrypt01 Absolute nonsense. You can see his legs buckle and his face shows everything. Clean shot and knock out. Fantastic shot and real knock out power
Dear Cadbury,
“From Cadbury this season.”
What season?
Go on, say it.
It’s EASTER. You are selling EASTER eggs for the EASTER SEASON.
How dare you profit off a Christian holiday while erasing its Christian origins.
They are Easter eggs.
It is Easter.
Shame on you.
@MagooMr12 Agree but today could/should have been at least 2-0 half time and that’s generous. Very different story and very lucky to still be in the game. Not the first time the second half performance has got us back into the game. Really need to start performing for 90 mins. Great win