Greg Harvey 🌍
@greg_harvey@tooting.ch
@GeofCox@climatejustice.social I'll find out what his acreage is, but a friend of mine I was talking to just last week is farming his dad's old farm. His dad is in his 90s, still around, still on form, but for how much longer? 🤷
It will be valued at around £2m (probably half of which is farmhouse and three cottages) and that will definitely put him out of business, the tax will not be survivable for his operation.
Greg Harvey 🌍@greg_harvey@tooting.ch
@GeofCox@climatejustice.social He must have about 100 acres, doing the rough maths on estimated valuation and price per acre. He doesn't seem aware of any thresholds that will save him. At the moment his dad owns the lot, although he lives in the farmhouse, his mum and dad live in one of the cottages and workers live in the other two. So on paper he owns nothing, but will inherit it, at which point he's expecting - perhaps wrongly? - a tax bill around the £500k mark.
