2024-11-23 15:02
I'm hoping my sums are correct, feel free to correct me if they're not. All figures are based on figures from Google and my calculator app.
Jeremy Clarkson owns 1,000 acres of farmland. Currently, farmland has an average price of £11,300 per acre. This means when Clarkson (who's worth £55.8m) kicks the bucket, his heirs will have 10 years to pay £226,000 in inheritance tax on the farmland.
I'm not seeing the problem here, beyond rich people not wanting to pay taxes.