15-03-2020, 07:37 PM
51
Re: Lisa Nandy on taxing wealth
Originally Posted by Percy Vere
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I think you're wrong Donks. Both Liz and Charlie pay a shed-load in taxes every year. It may not be income tax but , sure as shite, there's going to be corporation tax, VAT, etc paid to the Exchequer.
I think you may be right about VAT though l doubt they paid any
corporation tax? ☹️☹️☹️
Donkeyman!
15-03-2020, 07:41 PM
52
Re: Lisa Nandy on taxing wealth
Originally Posted by Muddy
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Thank you losos that is useful to know .Re seven years - well who knows what with the C Virus
The thing is most people’s main asset is their house .
They can give it to their children and hopefully live seven years but they must pay rent at the market rate .
How many people can afford do this ?
Also councils can dispute this even after seven years if the house is needed to be sold for nursing home fees .
This is called deliberate deprivation of assets .
If everything is left to your wife there is no tax to pay ( there is no IHT between spouses .) Any tax is paid on the second death .
Exemption fornthe few?
Donkeyman!
15-03-2020, 07:47 PM
53
Re: Lisa Nandy on taxing wealth
The councils have to prove it of course .ie if you have a serious condition that means you will at some time need nursing home fees and you knowingly give away your assets .
I fully intend to drop dead walking the dog ( which I haven’t got at the moment as I am self isolating so he is still with my son) I hope so at any rate .
However who knows .
As for the tax avoiding Windsors I have no time for them at all.
It’s absolutely disgraceful.
15-03-2020, 08:07 PM
54
Re: Lisa Nandy on taxing wealth
Originally Posted by Muddy
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The councils have to prove it of course .ie if you have a serious condition that means you will at some time need nursing home fees and you knowingly give away your assets .
I fully intend to drop dead walking the dog ( which I haven’t got at the moment as I am self isolating so he is still with my son) I hope so at any rate .
However who knows .
As for the tax avoiding Windsors I have no time for them at all.
It’s absolutely disgraceful.
to follow as well Muddy! They are actually promoting tax evasion!
Donkeyman! 🤐🤐🤐
16-03-2020, 11:15 AM
55
Re: Lisa Nandy on taxing wealth
Originally Posted by Donkeyman
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And they set the example for the Philip Greens and Bransons etcto follow as well Muddy! They are actually promoting tax evasion!
Donkeyman! 🤐🤐🤐
16-03-2020, 11:19 AM
56
Re: Lisa Nandy on taxing wealth
Originally Posted by The Artful Todger
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No, tax avoidance. Perfectly legal.
Everybody avoids tax, it's a perfectly sensible thing to do, whether it is via tax free saving accounts such as ISA's or via dividend payments from business or winnings from Premium Bonds etc. Tax evasion is another matter completely and what people need to realise is that as long as people and businesses pay the tax they are required to, then they are doing nothing wrong.
16-03-2020, 01:49 PM
58
Re: Lisa Nandy on taxing wealth
Originally Posted by Muddy
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Yes it perfectly legal and sensible to avoid tax if possible .It’s much easier if you are already seriously wealthy.
16-03-2020, 03:39 PM
59
Re: Lisa Nandy on taxing wealth
Apart from being able to employ cleaver accountants .Most people’s wealth is tied up in their house they have to live somewhere .
The very rich can set up their children while they are alive buy them houses or farm land .
There is no inheritance tax on farmland or woodland .
16-03-2020, 03:45 PM
60
Re: Lisa Nandy on taxing wealth
Originally Posted by Muddy
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Apart from being able to employ cleaver accountants .Most people’s wealth is tied up in their house they have to live somewhere .
The very rich can set up their children while they are alive buy them houses or farm land .
There is no inheritance tax on farmland or woodland .
I would if I could afford it, wouldn't you ?
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