GCN Hank is is a proper posh dude!

although quite a high proportion of full time workers are higher rate tax payers now i’d think.

11%…

https://ifs.org.uk/publications/deepening-freeze-more-adults-ever-are-paying-higher-rate-tax#:~:text=By%202022%E2%80%9323%2011%25%20were,the%20start%20of%20the%201990s.

Jesus, the bitterness on this thread.

Ironically every person posting here is in the top 1 or 2 % in the world for weather, purely to luck of birth

Are we? Our weather absolutely shit.

To be fair the family have been running it as a business for years.
nearly 26 years ago it was the venue for our wedding reception.

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.

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.

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.

I do think launching this channel just as the farmers/IHT row was breaking was spectacularly bad timing.

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.

After watching the video, I think the business is missing out on weed production  🙂

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.