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It's the Slytherin way.Rich Tea Wellin wrote: ↑Wed Nov 22, 2023 4:04 pm Is it also to give Labour an even more f*cked economy and a bad look when they have to role these changes back in a year?
A tax that only affects the richest 4% of estates, and the British public are so easily led into thinking that cutting it is a great act of fairness. I'm quite sure you're correct, and they'll bloody lap it up. We really get the government we deserve.Daily Express bot wrote: ↑Wed Nov 22, 2023 4:06 pmProbablyRich Tea Wellin wrote: ↑Wed Nov 22, 2023 4:04 pm Is it also to give Labour an even more f*cked economy and a bad look when they have to role these changes back in a year?
I think the Inheritance Tax cut will come in the next and final budget before an election. If Labour get in , that will be a tough reversal.
Having held the personal allowance they are taking £214 away from everybody whose income is above £13600 next year. Added to the £254 they had last year(current).Rich Tea Wellin wrote: ↑Wed Nov 22, 2023 3:44 pm For someone who knows nothing about Economics. Can someone explain why the government having been saying they can’t give above inflation wage increases as this drives inflation but they can cut NI and give people more money in their pockets?
I kind of feel sorry for people who have one house and many beneficiaries and it creeps over the threshold by a couple hundred though.StillSpike wrote: ↑Wed Nov 22, 2023 4:59 pmA tax that only affects the richest 4% of estates, and the British public are so easily led into thinking that cutting it is a great act of fairness. I'm quite sure you're correct, and they'll bloody lap it up. We really get the government we deserve.Daily Express bot wrote: ↑Wed Nov 22, 2023 4:06 pmProbablyRich Tea Wellin wrote: ↑Wed Nov 22, 2023 4:04 pm Is it also to give Labour an even more f*cked economy and a bad look when they have to role these changes back in a year?
I think the Inheritance Tax cut will come in the next and final budget before an election. If Labour get in , that will be a tough reversal.
Why? - they only pay IHT on the couple of hundred. The £500K (double that if they're the last surviving spouse - so that's a cool million) is still tax free.Daily Express bot wrote: ↑Wed Nov 22, 2023 6:00 pmI kind of feel sorry for people who have one house and many beneficiaries and it creeps over the threshold by a couple hundred though.StillSpike wrote: ↑Wed Nov 22, 2023 4:59 pmA tax that only affects the richest 4% of estates, and the British public are so easily led into thinking that cutting it is a great act of fairness. I'm quite sure you're correct, and they'll bloody lap it up. We really get the government we deserve.Daily Express bot wrote: ↑Wed Nov 22, 2023 4:06 pm
Probably
I think the Inheritance Tax cut will come in the next and final budget before an election. If Labour get in , that will be a tough reversal.
See what you mean. I am not up to date with the allowances and have never been given FA . Obviously some do very well out of reductions in I T rates. The extremely wealthy probably put their assets in trusts anyhow.StillSpike wrote: ↑Wed Nov 22, 2023 6:13 pmWhy? - they only pay IHT on the couple of hundred. The £500K (double that if they're the last surviving spouse - so that's a cool million) is still tax free.Daily Express bot wrote: ↑Wed Nov 22, 2023 6:00 pmI kind of feel sorry for people who have one house and many beneficiaries and it creeps over the threshold by a couple hundred though.StillSpike wrote: ↑Wed Nov 22, 2023 4:59 pm
A tax that only affects the richest 4% of estates, and the British public are so easily led into thinking that cutting it is a great act of fairness. I'm quite sure you're correct, and they'll bloody lap it up. We really get the government we deserve.
IHT is the fairest tax going - those leaving the estate don't need it any more, and those receiving it didn't "earn" it. (and it's debateable whether the estate was "earned" - or just a result of asset values increasing - in most cases anyway)
Yep. Just need to work out how we enforce it if they're based on overseas jurisdictions, and without spooking the global capital markets to which we are now so exposed (they did bring down the previous PM and Chancellor, after all). But other than that, I'm all for it.StillSpike wrote: ↑Wed Nov 22, 2023 6:36 pmSo you're saying we should tax all UK property NOT registered to a UK taxpayer at - say - 10% of market value p.a. Fair enough.
No plan.Currywurst and Chips wrote: ↑Wed Nov 22, 2023 6:41 pm Is there any plan from Starmer/Reeves to improve growth/productivity?
Blair inherited a decent hand from Ken Clarke. Starmer’s spending plans are going to require funding and the tax burden is already at its highest since WW2. Taxing private schools and non doms ain’t going to cover it.
Actually, scrap my previous comment. There is a plan. It's this^Currywurst and Chips wrote: ↑Wed Nov 22, 2023 6:48 pm
Administrators overseeing managed decline seems the way forward
Who is Preston ?Daily Express bot wrote: ↑Wed Nov 22, 2023 9:20 pmWhy , are you excited to see Preston’s latest colourful scarf?
Chantelle Houghton’s ex husband, member of
1) The tax is on the property here - not the entity overseas. It's applied as a debt in the land register if it's not paid. In 10 years (at 10% pa) theDunners wrote: ↑Wed Nov 22, 2023 9:09 pmYep. Just need to work out how we enforce it if they're based on overseas jurisdictions, and without spooking the global capital markets to which we are now so exposed (they did bring down the previous PM and Chancellor, after all). But other than that, I'm all for it.StillSpike wrote: ↑Wed Nov 22, 2023 6:36 pmSo you're saying we should tax all UK property NOT registered to a UK taxpayer at - say - 10% of market value p.a. Fair enough.
Why have you brought him up ? Is it 1 of your Tony Blackburn jokes ?Daily Express bot wrote: ↑Wed Nov 22, 2023 10:34 pmChantelle Houghton’s ex husband, member ofJoe315 wrote: ↑Wed Nov 22, 2023 9:34 pmWho is Preston ?Daily Express bot wrote: ↑Wed Nov 22, 2023 9:20 pm
Why , are you excited to see Preston’s latest colourful scarf?
Ordinary Boys band.
I have a bit in common with Tony Blackburn the Disc Jockey, whose wife slipped off with a man about the house.
