Forum menu
I don't earn £50k a year, what do I win?
I’m interested to know if he takes on the financial aspects and acknowledges his privilege. Bet he doesn’t.
I always liked him on GCN, he seemed like a fun guy. But if it’s another Clarkson’s farm type thing but with inherited wealth I’m not interested.
Some really out of touch people here if they genuinely think the ‘majority’, ‘most of us’ are earning over £50K per year. Possibly not as out of touch as typical estate owners but even so.
My fault for not making my point very well, I said "quite a high proportion of full time workers" but I didn't think it was the majority or most. Government stats say there's now 5.6m higher rate tax payers out of 25m full time workers, so it's about 20% give or take.
My point was more about divide and rule and the tactics the wealthy use to keep us arguing among ourselves while they continue paying next to nothing.
Don’t you just love the envious folk of STW , if he wasn’t rich he would be ok but now they know he’s wealthy he is a prick
To be fair, I thought he was an idiot on GCN before I knew anything else about him, but as per my previous post, my argument with him and his ilk isn't about him as an individual, it's about wealth distribution in this country. It has nothing to do with 'envy', it's about wanting to live in a wealthy country which uses more of that wealth to create a world which is more about general well-being and quality of life than fostering one which is divided between people who have absurd amounts of money while others are struggling.
If you think that's 'envy; or 'bitterness', you're wrong. It's fundamentally about humanity and fairness.
If I'm honest, I do find braying, posh types problematic, but that's not entirely without justification. Boris Johnson anyone?
I always liked him on GCN, he seemed like a fun guy. But if it’s another Clarkson’s farm type thing but with inherited wealth I’m not interested.
TBH Isn’t it the lack of inherited wealth that’s the challenge of it 🙂
(although you could argue that in the worse case you can cash out so there’s very little risk to you, you just don’t get to pass that family house onto the next batch to live mortgage/rent free)
I did think it was another attempt at cashing on Clarksons farm (probably more Harry’s farm) YMMV.
It’s slightly different to yet another van life/build channel so that’s got to be good 🙂
I do find it interesting the vigour of hate people on here have for the inherited wealth Hank has. As I said earlier in the thread, when you live in the area that Hanks house is, he's small fry.
Ok he's got an estate worth a few millions, but it's surrounded by property that are worth 3 or four times that owned by multi millionaires or billionaires that put almost no return back into the local or wider economy. Hank is using his property as a business, yes he and his family benefit from that - but so does the wider community.
If you want to spit at the the distribution of wealth in the country - aim it at the correct people.
I’m in top 1% of earners, left school at 16, don’t have a degree, father was a bricklayer so just checking, am I automatically an entitled prick now or does some other criteria need to be applied?
Some really out of touch people here if they genuinely think the ‘majority’, ‘most of us’ are earning over £50K per year. Possibly not as out of touch as typical estate owners but even so.
Of course not, presumably you've worked hard for it and paid tax on it which is the complete opposite of what Hank of the Manor has had to do.
Also top 1% is £160k+ which is obviously a great wage for most of us, but is a pittance compared to what the wealthy inherit. How many years of hard work would you need to put in before you could pay off what Hank has inherited for free? Even on £160k you'd need more than one lifetime.
Your situation and Hank's are not remotely comparable.
am I automatically an entitled prick now or does some other criteria need to be applied?
just your kids, apparently
His kids?
How long will it take him to generate an estate worth £3.5 million on £160k a year?
I would also wager that estate with the massive house in the Cotswolds is worth a lot more than £3.5 million.
But won't someone think of the multi millionaire land owners and their struggle with maintaining the plaster work in their mansion and tidying up their clutter?
Cheers for the heads up op. Will watch it. The fact he winds up the commies on here is a Brucie bonus.
TBH he’s lacking a garage of exotic cars to really wind people up 🙂
It's shocking that us commies are wanting the rich people to pay their fair share of tax.
Especially when we have more food banks than ever before and more children living in poverty.
But enjoy the multi millionaire's creating libtard tears and getting wound up by right wing celebrities worth £50 million pounds complaining about paying tax.
It’s shocking that us commies are wanting the rich people to pay their fair share of tax.
I didn’t see any where in that vid where he indicates he won’t pay any taxes he’s due to pay?
Everyone tries to minimise their tax. Nothing wrong with that if it’s done lawfully.
I know there are plenty of people earning next to nothing who prefer to do cash deals , that certainly isn’t lawful or contributing to the greater good.
On a side note, just using a he tax band based on your income is a pretty deceptive figure - you need to remember the VAT on your utility bills which is no longer a small amount. More VAT when you put it food into your cupboards, a whopping amount of tax when you fill up your car with petrol…
I bet even someone earning below the tax paying tax threshold is still paying a significant amount tax by the end of the month.
It’s shocking that us commies are wanting the rich people to pay their fair share of tax.
What makes you think he isn't?
Pretty sure the multiple businesses the house runs, employees it supports, let alone the location business with the filming etc will generate a fair bit of tax. there is no difference between his estate and any other business.
Hanks estate, with The Rivals and Poldark being filmed there will have brought lots of tourist trade into the UK and general area.
I have no problem with Hank being a rich dude living in a big manor. I have a huge problem with him avoiding IHT. In the video he mentions that he has (in addition to the house and immediate grounds worth many millions), 2000 acres of farming land - conservatively that's 20 million right there (and since it looks like high grade agricultural it's probably worth more). IHT exemption for farms only came in in 1976 so on balance, i'd rather he did what other asset rich cash 'poor' (clearly actually isn't) land owners did before him - sell off some of the land, or gift the house to the national trust.
His father giving him all the land now rather than when he dies (assuming he survives 7 years) is probably cheating the people of the UK out of £12m (£20m for the farm + £10m for the house / grounds @ 40%), so I don't think it's totally unreasonable to feel a little peeved.
I didn’t see any where in that vid where he indicates he won’t pay any taxes he’s due to pay?
Yep, a lot of assumptions are being made born of prejudice
Everyone tries to minimise their tax. Nothing wrong with that if it’s done lawfully.
Yep, maybe the laws need tightening.
I know there are plenty of people earning next to nothing who prefer to do cash deals , that certainly isn’t lawful or contributing to the greater good
Yeah but....
His father giving him all the land now rather than when he dies (assuming he survives 7 years) is probably cheating the people of the UK out of £12m (£20m for the farm + £10m for the house / grounds @ 40%), so I don’t think it’s totally unreasonable to feel a little peeved.
Save your anger for the people who brought in those rules, not the people who are able to lawfully take advantage of it.
I do think launching this channel just as the farmers/IHT row was breaking was spectacularly bad timing.
It does demonstrate the stupidity of the row tho. Any sane actual farmer is just going to gift the farm to his kid to take over whilst they're in their 60s or 70s - thus avoiding any IHT at all. The only people who are impacted by the changes are people like Dyson and Clarkson who have bought up farmland to avoid IHT. And frankly, sod them.
Save your anger for the people who brought in those rules, not the people who are able to lawfully take advantage of it.
Exactly. Don’t hate the player, hate the game.
Folk are only playing the hand they are dealt. Some get dealt a better starting hand than others.
His father giving him all the land now rather than when he dies
His grandfather handed the estate down to him well over a year ago, it skipped his farther completely. Iht wasn't paid, I'd assume, as it wasn't part of the rules then.
It's all irrelevant in his case other than potential his children or grandchildren may or may not have to pay iht in the future. At the moment it's a working estate that generates revenue and tax.
His grandfather handed the estate down to him well over a year ago, it skipped his farther completely. Iht wasn’t paid, I’d assume, as it wasn’t part of the rules then.
It’s all irrelevant in his case other than potential his children or grandchildren may or may not have to pay iht in the future. At the moment it’s a working estate that generates revenue and tax.
IHT was part of the rules then.... assuming the grandfather hasn't died yet then passing it down whilst he was still alive has just made use of the 7 year gifting rule. Whether it's a working estate or not, it's still avoiding IHT (entirely legally of course) - it's symptomatic of the problem - I don't see any issue in pointing out specific examples, as this will then raise it in peoples minds to the point it may become politically acceptable to close the loop holes. I don't bare a grudge against Hank of course, I just don't agree with the loopholes.
assuming the grandfather hasn’t died yet
He died over a year ago and handed it down down to Hank. At the moment, farmland is exempt from inheritance tax under a policy called “Agricultural Property Relief” (APR). In the Budget, the Chancellor announced that she will end that exemption by restricting APR. The cut to APR will mean that from April 2026, a tax of 20% will apply to agricultural assets over £1 million.
Ah ok - so just the farmland? The video implies the house has been handed down - presumably that was already with the father and has now been handed down.
How long will it take him to generate an estate worth £3.5 million on £160k a year?
A lifetime but here’s the thing I don’t care what others earn or have as long as they pay the required taxes. Whether those taxes are fair is another subject entirely.
I remember reading years ago that "the process" for Hank actually started years ago when he was 18.
My view is that he didn't choose to be born into it, while the estate may be worth however much, its got to cost a fortune to keep it running and not fall into ruin.
I say fair play - he's not asking for handouts, he's looking for more avenues to commercialise the estate so it doesn't decline like so many others. Look how many sons/daughters inherit a family business and mess it up through laziness, at least it looks like he's going to have a good go at making it viable & preserving it. Alternatives - let it fall into ruin, sell to a foreign investor as a holiday home?
Couple of good articles about it:
My view is that he didn’t choose to be born into it
Which is why it's crazy to hate on the players and not focus on the suitability of the rules.
Plenty of people in the UK had a better start than me by an accident of birth. Quite a lot are cleverer, better looking, better athletes, just "luckier".
It's how they act, not what we perceive them to be, that should matter.
Which is why it’s crazy to hate on the players and not focus on the suitability of the rules.
And which class of 'players' do you think made and influenced those rules in the first place?
That ‘class’ isn’t making the rules, currently. Hence the change.
I do find it interesting the vigour of hate people on here have for the inherited wealth Hank has. As I said earlier in the thread, when you live in the area that Hanks house is, he’s small fry.
I think the vigour comes from people who have such mega assets & then they moan about not having enough money - just sell the ****ing house then. It's what normal people have to do when they're skint.
Look how many sons/daughters inherit a family business and mess it up through laziness, at least it looks like he’s going to have a good go at making it viable & preserving it.
Where would I look? I'm not seeing much of this anywhere, but there's not much of this in Swansea/Neath.
I think the vigour comes from people who have such mega assets & then they moan about not having enough money – just sell the **** house then. It’s what normal people have to do when they’re skint.
Their sense of entitlement means that they don't want or don't think they should have to. It's their "heritage" and they are the only people who understand it and should be living in it. It's not for common people.
Penelope Keith made a documentary about it in the 1970's.
Penelope Keith made a documentary about it in the 1970’s.
😀
I am of the "its not what you are born to, its what you do with it" camp.
Living in North Norfolk ,we are surrounded by large farms and many large estates and houses.
You get the very good, like the Holkham estate here run by the Earl of Leicester, but a fantastic and large employer, who has regular work open days and recruits a lot of youngsters straight from school, made sure his son did every job on the farm first, made sure all of the grounds were open for people to get fresh air during COVID, and invited people with food trucks or businesses to come to the grounds when others were closed for COVID, I know four people that work for him, including one who's wife died and the lady of the house spent the morning baking for him and went to see him with food, they kept the pub on the estate open at a loss for the estate workers too. They are a large part of the local economy, and hold cycling, running and triathlon events all from the grounds.along with concerts and are a real social hub.
Then you have the other extreme, Count Luca Rinaldo Cantardo Padulli di Vighignolo, an italian viscount who has bought large swathes of Norfolk and is the largest ground rent landlord in the UK but actually lives on Guernsey, we cycle through one of the many estates near us he owns, the house is falling down, he forced the closure of the local pub and shop, and seems to have bought the land for shooting rights only.
There is a very good website and accompanying book:
I think the vigour comes from people who have such mega assets & then they moan about not having enough money – just sell the **** house then
I know plenty of ordinary folk who inherit the family 3 bed semi, complain about the responsibility but can't bear to sell the family home. Even more fun if it's passed down yo more than one child.
Anyway back to Hank - I loved his latest video riding with the infamous Donny Chain Gang.
I know plenty of ordinary folk who inherit the family 3 bed semi, complain about the responsibility but can’t bear to sell the family home. Even more fun if it’s passed down yo more than one child.
I know plenty of ordinary folk who inherit the family home and can't wait to sell it, to pay off their mortgage and make their life less stressful. I know one who used it to buy a 2nd home in the Lake District.
My oldest mate, 1 of 2, lost his sister and mother during lockdown. His sister owned a small house outright in the SE. His dad passed her estate to him and he's now semi retired. Just waiting for his 90 something dad to pass and he will have an estate of around a million. He may actually keep the family home as it's a rather smart Edwardian Terrace and he lives in a 1990's 3 bed detached,.
In fact I can't think of anyone who hasn't been happy enough to take the money. Who would get overly sentimental or entitled over a 3 bed semi?
Who would get overly sentimental or entitled over a 3 bed semi?
Idiots, but I've seen it happen.
Good on him.
There are too many stately homes in the hands of the National Trust, (Some due to previous IHT bills?) The value in these estates now is to the community and local business. If they go on the market they will be bought by foreign investors and never used or developed.
Don't blame him, it looks like quite a burden to me. How many peoples mortgages is that supporting?
Maybe some of the nay sayers should watch a bit of his YT Channel and get some insight to his situation without all of the preconceptions, but maybe he has a 4x4 too?
Don’t blame him, it looks like quite a burden to me
A burden that is pretty easy to not have I imagine while walking away with millions and living an easy life. Not many people have that opportunity do they. Although agree that it is supporting more in the community than if a billionaire bought it as somewhere to stay for 2 days a year.
Not many people have that opportunity do they
I would not necessarily say he is lucky. The current inheritance tax threshold is £325k
Now in some parts of the country that means your parents may be able to die and you get a nice some of cash to put in the bank/ pay off the mortgage as above, bet there is not 1 person who decides to give more of that money to the government for the greater good. £325k will make some people more cash rich than Hank I would imagine
Hypocrisy is great when it suits the narrative
It will be a full time business and burden maintaining that house and estate .
A burden that is pretty easy to not have I imagine while walking away with millions and living an easy life. Not many people have that opportunity do they. Although agree that it is supporting more in the community than if a billionaire bought it as somewhere to stay for 2 days a year.
So which do you want - the estate to remain with someone who feels they should try and run it to continue to support the community (and in my experience, that's how many estate owners feel) or for them to give in, pocket a billionaires cash and walk away?
The change to IHT rules arguably doesn't go far enough, but there's an element of people wanting their cake and eating it - in the general debate, not aimed specifically at kerley.
I don't think it would be easy to sell and walk away from several hundred years of family investment (blood, sweat and hard work), history and assets and remove that opportunity from your future family. Living with that would for most people be quite a burden. (if you cared about it)
Not to mention the future income from the estate. Accept £Xm from any buyer and once its gone its gone, keep the estate and run it well and its an income for generations (as proven for the fact it's been in the family for generations).