UK General Election, Election Day and Results Thread

[The Fury]

kowenicki said:

The Fury said:

Farms are usually family businesses though, having been in families and staying in the same families for generations, very unlikely to be owned for short periods.

Whether I am right or wrong though just shows my lack of knowledge on the situation at hand but that might just be luck about having never had to deal with it first hand.

 

Sorry I didnt word that very well... I meant even if it is has only been owned for 2 or 3 years.  The longer it has been owned the better, so a family pass down over generations would almost certainly be free of IHT.

If that is true and farmers are generally considered free from inheritance tax, then I have no complaints.

*skips on his merry way*

@SciFiBoy

Makes sense to have a Lib Dem Scottish bloke as Scottish Secretary, Tories would have found it hard to represent them when they only won 1 seat there, even if they did have 17% of the vote.