Timmy ElsewhereApril 20, 2008 Tim WorstallTimmy Elsewhere1 CommentAt the ASI. Explaining the rising price of farmland. previousPenalised for Obeying the LawnextInteresting Note 1 thought on “Timmy Elsewhere” Ed April 20, 2008 at 1:18 pm And CGT if you sell land for housing. 100k/acre gives a big CGT bill unless you plough it back in to the business. And as farmers loathe giving the chancellor money at the best of times, and generally like to acquire more land, they are likely to bid higher even if the probable returns are not worth it (after all, the returns for farming in general aren’t great). And yes, the death duties (though you’ve got to be vaguely involved in the business to get it), which again saves another 40% tax bill for many. So if you’ve an old farmer who has come into money in the business and has family to provide for, the price you’re willing to pay starts flying up. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.