Tuesday, May 13, 2014
Three points made
1) agricultural land is tax free for inheritance 2) agricultural land is worth 1/1000 of land with planning permission 3) more planning permission needs to be granted. In fact I found the argument fairly persuasive, particularly if you are too broke for the usual sterling escape route of a mortgage. If people start going crazy for agri land as well then certainly we will need interest rate rises. You could be a one family gypsy group and live there in a large trailer, with the twist that you own the place.