Re:James Dyson answers design questions from Twitter [video]
by tim333 on Thursday December 16, 2021 @01:26AM
(#29575575)
It's an oddity of UK tax law that farms are exempt from inheritance tax and so a sensible investment for old rich people who want to pass stuff on. Clarkson's farm was bought for the similar reasons some years before they decided to do a TV show. You don't need odd legal structures - just buy a farm.
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Re:James Dyson answers design questions from Twitter [video]
by blitzar on Thursday December 16, 2021 @04:03AM
(#29576406)
The real oddity is that the government takes 40% of your stuff if you die.
Re:James Dyson answers design questions from Twitter [video]
by adwww on Thursday December 16, 2021 @04:12AM
(#29576457)
If we didn't have that oddity wealth would largely still belong to landed gentry.
Re:James Dyson answers design questions from Twitter [video]
by blitzar on Thursday December 16, 2021 @07:57AM
(#29577663)
Which it does, as they dont pay any inheritance tax... for the upper tier in society it is openly called a voluntary tax that only the poor (what one might consider middle class I guess) or stupid get stuck with.