Selby Rural

A huge thank you to Bolesworth for hosting a tour of the HJ Lea Oakes mill at Aston recently.

Some take aways from it:
🧑‍🧑‍🧒‍🧒 15th generation millers - William Lea began milling in 1675
🦓 Suppliers of zoos worldwide
🇬🇧 Largest ruminant mill in country
🏋🏽‍♀️ 1000-2000t per day

Very impressive 👏

The potential land value tax changes 💰

Andy Burnham has sparked debate after suggesting the UK should move towards a land value tax.

This could completely change how property is taxed in Britain.

So what is it❓

Instead of taxing homes, mainly through council tax or stamp duty, a land value tax would be charged to the owners based on the value of the land underneath a property.

He argues the current system is unfair, particularly as council tax bands are still valued on what they were in 1991.

For landlords and large landowners, especially in expensive areas, this could mean significantly higher annual taxes on empty or underused land.

Supporters say it would push owners to actually do something with the land like develop it or use it more efficiently. But critics raise concerns that costs could be passed on through higher rent.

Others fear older homeowners or those in areas where land prices exploded could end up asset rich but cash poor. Very typical for a farming or landowning perspective, facing bigger taxes without higher income.

Let’s see what happens as it is currently only a proposal.

We’ll keep you updated.