4 ms·
> I guess it was a tax on unrealized gains! Inheritance taxes invariably are. The recent UK controversy around farm land inheritance was the same.
by tempfile 2y ago
> I guess it was a tax on unrealized gains!
Inheritance taxes invariably are. The recent UK controversy around farm land inheritance was the same.
- pjc50 2y agoThat was definitely a case of people buying up land purely for the IHT value and then doing some toy farming on the corner to get the exemption. I feel like a lot of these cases could be avoided if people wanted to structure their family business like a business and gradually transfer control to their children, rather than keep it as personal property right until the very last minute.