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Coda: here is a bit more of that sales pitch. Along with general talk about "wealthy Britons", who are anyway not affected by non-dom changes bcos Osborne 2017 reforms stopped almost all UK born folk (via Cond A) from using the regime. All very confused!

Non-doms is a hard area, but useful to speak to an expert to check, rather than only a lobby group and the PR team of an org trying to sell its services (and apparently unsure of the difference between per cent and percentage points)

It matters not just because you shd generally get the facts right, but bcos being out by 15x on how many ppl pay 30k totally changes plausibility of claims by lobby group cited as to how many ppl there are who wd pay 200k

Disappointing piece on non-doms/millionaires in @thetimes. Many things to object to, incl simple fact checking. No, there are not 37.8k ppl paying 30k pa to live here. There are just 2.4k. Cd just check hmrc website for that. @tomjs #TaxTwitter.

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The @HMRCgovuk data are the ones to use when looking at tax reform, since they look at who uses the reliefs (both agri and bus relief). Relief reduces your tax, so people should report honestly (and if dishonest, should overclaim). This is why the 70k number is far too large.

@HMRCgovuk stats, which show up in @hmtreasury budget docs, look at who *actually* uses agri + business relief on IHT. It isn't 70k farms, it is 1300 estates per year (@CenTaxUK) most of whom (56%) aren't farmers. Only 200 get >1m in relief a year.

Simple example: wealthy person buys 10 farms worth £10m = total cost £100m.@DefraGovUK stats correctly record that these 10 farms exist & faithfully record their size. 10 tenant farmers work hard to till the soil & feed the animals. Their tax won't be affected by IHT change.

@NFUtweets quote @DefraGovUK figures on the number of farms of different sizes, and multiply farm size by estimates of cost per acre to say 70k farms affected. This tells you about farm size, but not about ownership.

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RT @DanNeidle: Lots of over-the-top coverage right now about the £1m cap on inheritance tax agricultural property relief (APR). Quick thre….

The agri relief changes really aren't the end of the road for farming, from Dir of Strategy @NFUtweets . agri is only one of the reliefs/exemptions in IHT, and now paying 20% over 10y on the bit above your combined reliefs, only on the share of farm owned by deceased.

RT @Samfr: 200 estates claimed more than the new cap on agricultural relief? That doesn't seem like quite as big a problem as some are maki….

RT @Summers_AD: Only £10b from NICs rise, net. The upshot is that gov could have reformed CGT properly instead and raised more money - no N….

RT @Summers_AD: Anyone still remember this? . Until 2022 consensus was that abolishing non-dom status wouldn't raise any money, and might e….

I'd love to see how @CLAtweets get to 70k farmers . *200* estates a year claim more than £1m in relief (the new cap).