• 2 days ago
Kent farmer's fury over inheritance tax Budget 'bombshell'
Transcript
00:00Yes, deeply worried really, is for the next generation and I would love my family to continue
00:09the family business on what my father started and for the next generation to continue and
00:19even their sort of next, for their children, so it's very important that they continue
00:27to supply food for the country. Now food as far as that is so important and not much has
00:35been mentioned about what is going to have an effect on food and the last thing we want
00:39to do is keep on importing food. But the reality is you could be left with a huge tax bill,
00:47the family could, which would mean having to sell off lots of land. It certainly would
00:53and then it would make it unviable, this is a thing, to purchase land. You can borrow
01:00money obviously but you've got to have assets to borrow money and without that you can't
01:07do it and it'll be a big worry for the next generation to actually do that and will it
01:13be worth it. So all in all this has left you feeling quite nervous about the future. It
01:20has indeed, yes.

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