Birdwatch Note Rating
2024-11-18 11:04:53 UTC - HELPFUL
Rated by Participant: A790633D626F646D83D69A0715CB15C0C27E1D2F3FA9322ADC1D0FB8442BADBE
Participant Details
Original Note:
Although the inheritance bill will be £600,000 to be paid over 10 years, average Farm Business Income was £86,000 per year given margins are between 1% and 2%. This means most would go on inheritance tax, rather than income/living costs for the farmer & family by Govt figures: https://www.google.com/url?q=https://www.gov.uk/government/statistics/agriculture-in-the-united-kingdom-2022/chapter-3-farming-income%23:~:text%3D3%252Dfarming%252Dincome-,Summary,FBI%2520of%2520over%2520%25C2%25A350%252C000.&sa=U&sqi=2&ved=2ahUKEwjDrJfeneWJAxUyVEEAHQZ_IywQFnoECBMQBQ&usg=AOvVaw31NvWNz_wpS4tB715R5anK
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