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Podcast: Debunking Economics - the podcast
Episode: Selling the farm
Description: There’s an irony that the UK Chancellor Rachel Reeves has imposed an inheritance tax on farmers, whilst a trade agreement with the US could see Britain selling-the-farm on a farm grander scale.Phil argues that some sort of tax on the inheritance of farms makes sense kif its only used as a tax dodge. Jeremy Clarkson bought his farm (reportedly for £6 million) and had a farm manager run it for 10 years before he started making his TV series. If we he died before the new tax rules the £6 million would have been passed on exempt from...