this post was submitted on 13 Dec 2024
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chapotraphouse
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So is it like smaller not for profit farmers or people who aren't farming at all?
no they just own the land as a tax free asset basically. in the UK farmers don't pay inheritance tax, so just buy a fuck load of land before you die, claim you're a farmer now, and pass that on
Literally just zero income, as in, no sales were made.
A not for profit farm can generate income through some type of activity but isn't required or expected to make more in income that is needed to cover the bills.