The Labour Government

[mexico1970]

Pit pony vs an xl bully would be an interesting match up ;)

Hahahah, it would mate :)

 

[maxwellblue]

Give it to charity, avoid the tax.

What has the person inheriting done to deserve it?

Since most people that inherit are the children of those that have left an estate of some kind then by default they are far more deserving than any charity (and FTR I wouldn't give a rusty washer to any charity) and the goverment (no matter who is in power).

 

[maxwellblue]

Yeah of course, get all that. I mentioned Mansion Tax is the same post, which was perhaps confusing.

But back to IHT, for me it's a matter of principle. You either think it is morally right for the state to take money off people when they die, depriving their airs of money that their parents presumably wanted them to have, or you don't. I am in the latter camp. You live your life and pay your taxes, and that should be the end of it IMO. I don't think it's right that when you die the state should say great we can now have even more of that money you've accumulated. Even worse, to change the rules on people AFTER they have made all of their life choices. The holidays they didn't take, the car they didn't buy, the house move they didn't do, so they can give money to their kids and give them a leg up in life. Only to find that Rachel Thieves says thanks very much, glad you've accumulated that cash, we'll have some more of that (laughing as she does it).

So I am not in favour of their being any IHT at all, let alone a reduction in the tax exempt limits.

Absolutely spot on.

 

[Mr Kobayashi]

Since most people that inherit are the children of those that have left an estate of some kind then by default they are far more deserving than any charity (and FTR I wouldn't give a rusty washer to any charity) and the goverment (no matter who is in power).

Water Aid? Red Cross? Save the Children?

Nope, Jonty and Jemima they need to get a new range rover and a polo pony each.

 

[mosssideblue]

But you don't pay tax on something you've already paid tax on ... you pay tax on its increase in value

Don’t 2nd hand commercial vehicles command tax every time they are sold

 

[maxwellblue]

Water Aid? Red Cross? Save the Children?

Nope, Jonty and Jemima they need to get a new range rover and a polo pony each.

Yep not a penny or as I said a rusty washer to any of them.

Had first hand dealings with them all and they are nothing but a money making scam. In 2001 I bought an old mill which was used for shoe manufacturing. The place was left full of shoes scattered all over the place, probably about 5000 pairs. All I wanted was the place clearing of them so I rang every charity in the book. Said you can have them all, just bring some vans and take them away. The reps from the Red Cross, Oxfam, Help the Aged and more all turned up in their new BMW's and Merc's, had a look round and basically said it was too much effort for them but they would happily accept a cash donation. Ended up skipping them all and after that I vowed I'll never give a penny to charity again.

And yes I would rather my kids blow whatever I leave them on whatever they want rather than it go to some no mark who is too bone idle to get a job or someone that has come over on a boat and put nothing into the country.

 

[Churchlawtonblue]

Water Aid? Red Cross? Save the Children?

Nope, Jonty and Jemima they need to get a new range rover and a polo pony each.

Jonty and Jermima ! Seriously??

 

[city2]

Starmer saying it’s gonna be painful but we will get through this together. Does that mean politicians are going to pay for their drinks and meals instead of being subsidised and also having their expenses cut by 50%.

 

[bluenova]

Yep not a penny or as I said a rusty washer to any of them.

Had first hand dealings with them all and they are nothing but a money making scam. In 2001 I bought an old mill which was used for shoe manufacturing. The place was left full of shoes scattered all over the place, probably about 5000 pairs. All I wanted was the place clearing of them so I rang every charity in the book. Said you can have them all, just bring some vans and take them away. The reps from the Red Cross, Oxfam, Help the Aged and more all turned up in their new BMW's and Merc's, had a look round and basically said it was too much effort for them but they would happily accept a cash donation. Ended up skipping them all and after that I vowed I'll never give a penny to charity again.

And yes I would rather my kids blow whatever I leave them on whatever they want rather than it go to some no mark who is too bone idle to get a job or someone that has come over on a boat and put nothing into the country.

By the time you've told that story a few more times, the shoes will have been all clean and boxed up neatly, and the reps will be arriving by helicopter ;)

 

[Mr Kobayashi]

Yep not a penny or as I said a rusty washer to any of them.

Had first hand dealings with them all and they are nothing but a money making scam. In 2001 I bought an old mill which was used for shoe manufacturing. The place was left full of shoes scattered all over the place, probably about 5000 pairs. All I wanted was the place clearing of them so I rang every charity in the book. Said you can have them all, just bring some vans and take them away. The reps from the Red Cross, Oxfam, Help the Aged and more all turned up in their new BMW's and Merc's, had a look round and basically said it was too much effort for them but they would happily accept a cash donation. Ended up skipping them all and after that I vowed I'll never give a penny to charity again.

And what happened? Did you pay someone take away all your old shoes or did you get any money for them? Sounds like you were aggrieved that a charity didn't want to allocate money, time and resources on stock that was of minimal value and save you paying clearance costs.

And yes I would rather my kids blow whatever I leave them on whatever they want rather than it go to some no mark who is too bone idle to get a job or someone that has come over on a boat and put nothing into the country.

You sound like a nice bloke, is there a pub corner you spend your evenings in?