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Fatmanfilms

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  1. UK tax is based on self declaration. Unless you get audited you don't need t provide any evidence, if purchased before 1982 then use the 6th April 1982 value.
  2. Foolishly they should have ignored the markets as interest rates went higher after she left. As the Uk had left the EU it was a great idea to become the tax haven of Europe for companies, shame it did not happen.
  3. In Malta using average is misleading as it's a sliding scale, if you use a lot of air con & heating you will be paying far more up to 60.76 cents a unit. The amounts are calculated every 2 months rather than yearly so you end up using far more expensive units. My average is around 30c which is slightly more than I pay in France where cheap rate is 20c & peak is 27c
  4. Since max personal tax rates are far higher than corporation tax (45%), the treasury will benefit the most from higher bonus's with roughly double the tax take. (19% rising to 25%)
  5. Perhaps they were furloughed or lost their job, so no longer were eligible for the mortgage.
  6. CGT is based on the value of the asset, even if given away or sold for £1
  7. Even at the same rate of tax you will pay more if you earn more, so the current system is fair, everyone should pay more if we need more money to be collected.
  8. Since there was 3.8CHF to the £ in 1971 & 1.18 now The Swiss property was a hugely better investment in £ terms 58% better if my back of an envelope calculations are contact. UK House £100 = £346 Swiss House CHF 100 = 170 x 3.22 =£547 547/346 = 1.58 However I believe London property has increased 30-40 times since 1970, so perhaps thats after inflation.
  9. If you return to the UK within 5 years then the CGT needs to be paid. Getting out of UK tax is not that easy either....
  10. Gold hit $850 in January 1980 average house was £20k or $45k USD so 53 Oz of gold then.
  11. Not passive, I have been an investor in www.fundsmith.co.uk for over 7 years, my first investments have tippled, it's a good strategy I have followed Terry Smith for nearly 30 years
  12. There is a reason people buy & hold equities for the long term, cash is something for short term expenditure nothing else. www.fundsmith.co.uk has returned YTD 30.75% 1 month 5.52%, 3 months 10.94% 6 months 25.41% 1 year 21.82% 3 years 69.44% 5 years 183.44%
  13. It's there rate of investment return is far more important, I have managed to FIRE using www.fundsmith.co.uk, capital doubles in less than 4 years & doubles again.
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