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Post by johnofgwent on Nov 20, 2024 12:33:53 GMT
Why start with a lie? It points to complete bias on your part which undermines the rest of your post. Its not a lie as far as Im concerned (there may be some instances where it could be) the vast majority of people who inherit do so due the earnings , savings and investments of their forefathers that have already been subject to a raft of taxes . Absolutely. Even more so since Brown fucked us over by taxing pension growth through disallowing reclaim of corporation tax paid on shares. |
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Post by Dogburger on Nov 20, 2024 12:36:53 GMT
Its not a lie as far as Im concerned (there may be some instances where it could be) the vast majority of people who inherit do so due the earnings , savings and investments of their forefathers that have already been subject to a raft of taxes . If parents put, lets say £8,000 into an off springs bank account, and they die within a certain time period, I think its within seven years of the gift, then the £8,000 gift will be included in the inheritance tax that is due on the estate. Most don't have the spare cash to give gifts to their kids , the wealth being tied up in assets . There are always loopholes for those who can afford them , there always are . |
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Post by see2 on Nov 20, 2024 12:45:12 GMT
If parents put, lets say £8,000 into an off springs bank account, and they die within a certain time period, I think its within seven years of the gift, then the £8,000 gift will be included in the inheritance tax that is due on the estate. . There are always loopholes for those who can afford them , there always are . Which misses the point I was making by a country mile. |
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Post by Dogburger on Nov 20, 2024 13:11:38 GMT
Most don't have the spare cash to give gifts to their kids , the wealth being tied up in assets . There are always loopholes for those who can afford them , there always are . Which misses the point I was making by a country mile. Have another go |
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Post by Totheleft on Nov 20, 2024 13:26:33 GMT
are you for the wealthy using land for tax avoidance? How do farmers use the land for tax avoidance? lets see what one farmer says Clarkson told the Times in 2021 that avoiding inheritance tax was “the critical thing” in his decision to buy land - but said today that he had bought the land "to shoot". |
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Post by Totheleft on Nov 20, 2024 13:29:36 GMT
If parents put, lets say £8,000 into an off springs bank account, and they die within a certain time period, I think its within seven years of the gift, then the £8,000 gift will be included in the inheritance tax that is due on the estate. Most don't have the spare cash to give gifts to their kids , the wealth being tied up in assets . There are always loopholes for those who can afford them , there always are . so isnt time to close loopholes |
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Post by johnofgwent on Nov 20, 2024 14:19:24 GMT
How do farmers use the land for tax avoidance? lets see what one farmer says Clarkson told the Times in 2021 that avoiding inheritance tax was “the critical thing” in his decision to buy land - but said today that he had bought the land "to shoot". And last week he just as openly said if the aim was to get him they should have targeted people like him for which the farm is just one of a number of unrelated income streams. |
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Post by Rebirth on Nov 20, 2024 14:20:12 GMT
I think it's time for you to start thinking objectively. You don't see the parallels between Stalin's genocide of the small farm holder, and his ten year plans that starved the country with impossible crop types, and Starmer's destruction of family farming and rewinding and solar panel coverage. It's pretty bloody obvious to me Why would it choose to make that connection? We literally have an Islamist retard on here smearing the good people of rural England and supporting the attack on our farmers. No true English or Welsh man would do this, and I can only deduce that this is why the Marxists kept importing so many hate-filled backwards.
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Post by johnofgwent on Nov 20, 2024 14:20:42 GMT
You are starting to miss the point overall. People in general do not mind paying tax when it works as regards to operate the country in some form of equitable fashion. It now seems that Labour will take 'the tough decisions' that effectively spell ruination for some Brits and cold cold winters for others in order to raise what is effectively small amounts of cash to service policies that are at best seriously unpopular and at worst spell disaster for the country. The tough decisions that needed to be taken were in the channel, in the hotels and in the workplace where immigration is overwhelming the country and creating division and antipathy that has already come to a partial head. This general malaise has been knocked on the head by the government with Draconian 'justice' and the subservience of the judiciary but it has not gone away and it seems like there is a determination on the part of government to exacerbate the problems at every turn. I see no logic in it but then perhaps there is not any. Why all the confusion? Inheritance tax is a tax on unearned income. We all pay tax on unearned income. __"The IRS considers the interest earned (on a Bank account is) taxable income, whether you keep the money in the account, transfer it to another account, or withdraw it. When the bank pays interest into your account during the tax year, you will owe taxes on it."-- It is in effect regarded as unearned income. Under labour, you mean. |
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Post by johnofgwent on Nov 20, 2024 14:54:45 GMT
You don't see the parallels between Stalin's genocide of the small farm holder, and his ten year plans that starved the country with impossible crop types, and Starmer's destruction of family farming and rewinding and solar panel coverage. It's pretty bloody obvious to me Why would it choose to make that connection? We literally have an Islamist retard on here smearing the good people of rural England and supporting the attack on our farmers. No true English or Welsh man would do this, and I can only deduce that this is why the Marxists kept importing so many hate-filled backwards.
Now I'm confused. Labour consider the farmer their natural prey on so many levels. |
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Post by Bentley on Nov 20, 2024 15:01:40 GMT
How do farmers use the land for tax avoidance? lets see what one farmer says Clarkson told the Times in 2021 that avoiding inheritance tax was “the critical thing” in his decision to buy land - but said today that he had bought the land "to shoot". Right I’ll ask you again how farmers use the land for tax avoidance. 1 you seem be unaware that Clarkson admits that he is luckier than most farmers because has a second income stream. 2 How is buying the land to shoot a firm of tax avoidance?. You do know that shooting is a business . People are charged to shoot . |
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Post by Bentley on Nov 20, 2024 15:02:27 GMT
lets see what one farmer says Clarkson told the Times in 2021 that avoiding inheritance tax was “the critical thing” in his decision to buy land - but said today that he had bought the land "to shoot". And last week he just as openly said if the aim was to get him they should have targeted people like him for which the farm is just one of a number of unrelated income streams. Exactly. |
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Post by johnofgwent on Nov 20, 2024 15:15:48 GMT
And last week he just as openly said if the aim was to get him they should have targeted people like him for which the farm is just one of a number of unrelated income streams. Exactly. The downside of that is of course that many farmers have multiple income streams. When I stayed at Castle Thorpe to do the job at Milton Keynes I stayed at a farmhouse bed and breakfast, run by John's wife Sheila. When he died some years after I left, his two sons had already taken over half of the farm each, one leaning to arable production, the other raising heifers and sheep, but they also rented their excess barns to companies wanting them. At one point I myself had a short term rental on a quarter of a unit to keep the mobile datcomms trailer and kit.... |
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Post by Bentley on Nov 20, 2024 15:27:54 GMT
The downside of that is of course that many farmers have multiple income streams. When I stayed at Castle Thorpe to do the job at Milton Keynes I stayed at a farmhouse bed and breakfast, run by John's wife Sheila. When he died some years after I left, his two sons had already taken over half of the farm each, one leaning to arable production, the other raising heifers and sheep, but they also rented their excess barns to companies wanting them. At one point I myself had a short term rental on a quarter of a unit to keep the mobile datcomms trailer and kit.... Indeed. Our local farmers make a few Bob where they can . Some allow builders to dump hardcore on their land , others arrange clay pigeon shoots and the local farmers who own the land where the solar farm will be built will have another income stream . My son in law owns a few fire engines that he makes money from . If he moved here ,I’m sure he could easily find a farmer that would rent him some land to store them . Some of the farmers set aside some land to sow wildflowers and sunflowers to help ‘ biodiversity’. I suspect that they get some money from the government to do that. |
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Post by The Squeezed Middle on Nov 20, 2024 15:59:35 GMT
I think it's time for you to start thinking objectively. You don't see the parallels between Stalin's genocide of the small farm holder, and his ten year plans that starved the country with impossible crop types, and Starmer's destruction of family farming and rewinding and solar panel coverage. It's pretty bloody obvious to me See2 has long since lost the mental facility to make the historic connection. So sad, but there we are. |
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