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Post by jonksy on Sept 24, 2023 8:36:40 GMT
But in fairness mate many of the rich are entrepreneurs and risk takers and are some of the major employers in the UK. So if they are stung too hard there is nothing stopping them in going to other coutries where the tax systems are more favourable for them causing many to find they are no longer employed. We have seen it happen so many times before like Dysons etc. Bit off topic, but my mates grandad has gone into a care home, he doesn't leave his bed and hardly eats, it's costing £180 per day, I really struggle to see how he can be costing £180 a day, most of the time there's no money left for the inheritors, it's been guzzled up with care fees, but like my mate said, we couldn't give him the attention he needs so we're happy paying it. How many in the UK have had their assets sold off to keep them in care and have then departed in a very short time. What happens to the remainder of the cash? It seems like a win win for the government. |
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Post by Fairsociety on Sept 24, 2023 8:44:46 GMT
Bit off topic, but my mates grandad has gone into a care home, he doesn't leave his bed and hardly eats, it's costing £180 per day, I really struggle to see how he can be costing £180 a day, most of the time there's no money left for the inheritors, it's been guzzled up with care fees, but like my mate said, we couldn't give him the attention he needs so we're happy paying it. How many in the UK have had their assets sold off to keep them in care and have then departed in a very short time. What happens to the remainder of the cash? It seems like a win win for the government. Exactly, Scotland have their care home fees subsidised by England, we also subsidise them for Free Prescriptions, not to mention if you are between 5-21 they get Free bus passes, we are mugs, that's why we are taxed to death, so a care home in Scotland would only be costing a fraction of £180 a day.
Scotland
If you're 65 or over, 'personal care' given by your local council is free. It doesn't matter how much money you have. 'Personal care' includes things like a nurse helping you wash or dress, or help getting you in and out of bed.
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Post by sheepy on Sept 24, 2023 10:35:25 GMT
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Post by Pacifico on Sept 24, 2023 21:30:41 GMT
A cut in Inheritance tax is not my biggest issue - I can see the argument against it (taxing taxed income again) but I can also see the argument for it (you are dead so dont notice it).
From a personal perspective when I did my will the other year the Solicitor warned me that my wishes would lead to a large inheritance tax bill - his solution was to leave 25% of the estate to charity so its going to the Legion. Job Done.
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