Matt James

[Stuart @StuartMaggs]

#FamilyFarmTax talking points - a helpful guide:

1. "It's only 500 farms". No, that's APR claims above £1m made in one year, 2021/22. Many more people than that are affected by the rules. The CLA estimated the total number is 70,000 farms. On the Government's own numbers it's about 16,000 (500 x one generation of 32 years). The true figure is that it's likely tens of thousands are affected.

2. "There's a £3m exemption". No, that only applies if both spouses are alive, they can split the farm between them, they amend their wills before dying, both they are their children are in stable marriages (or they are prepared to use complex trust structures). It will not be possible for all couples to achieve this.

3. "Family farms are protected". No, DEFRA says the average family farm is 217 acres. At £11,300/acre that's £2.45m. Together with equipment and a farmhouse, that's likely well over £3m which is the maximum level of the exemption. Farms well below that level are affected and will need to take steps to restructure the way they are organised or face inheritance tax bills when the older generation dies.

4. "How can your income be that low? The price of land must be high because of tax avoiders." The current 100% exemption for land and businesses have applied since 1992. The price of land didn't start to rise significantly until 2005, when the Single Farm Payment was introduced. Tax rules only have a minor affect on land value, which is driven by multiple factors including development, rollover relief, environmental needs, and that they're not making more of it

5. "This only affects the very wealthy and tax avoiders" At one end lifestyle buyers may well be within the £1m exemption per person, at the other the very wealthy can still plan by making gifts. The people who cannot avoid it are family farmers who need to retain access to the farm income.

6. "Wealthy farmers can just pay their fair share of tax" An average farm income is about 1%. Even if you pay over 10 years, the inheritance tax payments will often take all the income, and so part of the farm will need to be sold. This reduces efficiency and makes the farm less viable for the future.

What have I missed?

[Jeremy Clarkson @JeremyClarkson]

You can live without heat and clothing and even sex. But you cannot live without food. Please support British farming.

[Craig Newton @Cheese_manAVFC]

Last night's @HellenicLeague Division One Play Off Final.

@WorcsRaidersFC v @HerefordPegasus.

Match highlights video 🎥 Premieres at 7pm!

Subscribe here so you don't miss it!
🎥⬇️🎥⬇️🎥
https://t.co/zucezWh4pT

#nonleague #groundhopping @NonLeagueCrowd

#NewtonTV 😃

[Hereford Pegasus FC @HerefordPegasus]

27 MINS || We double our lead through a Matty James header 0-2 🔴⚪️

[Sky Sports Cricket @SkyCricket]

Shane Warne, the greatest spin bowler in cricket history. ❤️

[Manchester United @ManUtd]

Welcome 𝗵𝗼𝗺𝗲, @Cristiano 🔴

#MUFC | #Ronaldo

[Jack Cummings @Jack_Top4997]

Was it worth it, probably not. Did I lose my legs for nothing, looks like it. Did my mates die in vain. Yep. On my 11th Bangaversary it’s a very somber one. Many emotions going through my head, anger, betrayal sadness to name a few….

[Elliot Hackney @ElliotHackney]

Lockdown has affected everyone a little differently, but it’s safe to say it’s fucking walloped Ex-goalkeeper Rob Green

[Danny Lydiate @dan_lydiate]

Only takes 30s please sign this petition .We're urging Government not to import food through future trade deals that would be illegal for our farmers to produce here please

[Paul Manc Bald and Bred @MufcWonItAll2]

Evra names these 10 dogs after some of his Manchester United team-mates 😂

IG: patrice.evra

[Beth Matthews @BethMatthewsz]

If you’re going to the beach and there’s nowhere to park, don’t illegally use a farmers field...especially when they are spreading slurry.

Only in Cornwall 🤣

[Jeremy Vine | Here, on Tiktok, Insta & Facebook @theJeremyVine]

Probably the single most effective public statement during the entire crisis
#StayHomeSaveLives #Riddled #COVID19

[Matt James @matt_james4]

@Carra23 Oblak. Lahm. VVD. Maldini. Sandro. Son. Scholes. De bruyne. Messi. Mbappe. Raul. 🏎

[toyinog @toyinabox]

Why are people meeting up with their mates and bold enough to even snap it? You should be embarrassed

[Stuart Antony @STU_ACTOR]

This is Toby he is now working from home...

[Dave Throup @DaveThroup]

Roads turning into rivers in Peterchurch #herefordshire

Please be extremely cautious if in the area.

[Moccas Cricket Club @MoccasCC]

Unfortunately a few awards could not be collected in person but as follows;
Batting Award goes to @matt_james4 whos currently in Australia with an average of 52.5

Closest players were @Pricer89 with 23.8 and @Rushun77 with 23.6

[Jimmy Neesham @JimmyNeesh]

Kids, don’t take up sport. Take up baking or something. Die at 60 really fat and happy.