Fatmanfilms

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.

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.

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

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%)

The garden is shared between 10 & 11.

Perhaps they were furloughed or lost their job, so no longer were eligible for the mortgage.

CGT is based on the value of the asset, even if given away or sold for £1

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.

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.

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....

Gold hit $850 in January 1980 average house was £20k or $45k USD so 53 Oz of gold then.

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

So she paid £2,050,000 most price values it at £3,489,000

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%

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.

If you invest in www.fundsmith.co.uk or global equity fund or Smithson investment trust, I think you have a good chance of such returns. I retired at 52 due to investing in equities for 30 years.

Max payment into a pension is £40,000, max size pot allowed is £1,000,000 of which £750,000 is taxable. Bear in mind £100 a month for 40 years growing at 12% will exceed 1 million, ISA's will give a better return over time.

All my pension funds & PEPs now ISA's are up 5 to 10 times over 30 years. Performance has improved since transferring everything in to www.fundsmith.co.uk nearly 6 years ago.

Since 1965 the S&P 500 index has had annualised returns of 9.7%, $10,000 became $1.28 million, had you invested in Berkshire Hathaway your $10,000 would be worth $197,000,000. Very low long term risk & a hassle free return.

Probably never.

Greatly depends on the flexibility of access to your cash, I was supposed to be able to take the pension from age 50, so be aware the rules can change. FWIW I retired at 52, I would have retired at 50 if I could have had access to py pension on the agreed date.

The pension is tax deferred, however it's a poor deal as the final value of the fund may be 10 times the amount invested, so final tax payable on the bigger amount. An ISA overtime will be a far better investment than a pension.

If your a cash buyer possibly, if you want a mortgage then your out of luck as they won't lend a multiple of the purchase price. I am sure that HMG will detect this fraud & issue a fine of 2 times the evaded tax plus interest.

Before they floated partners got $200,000 base salary, rest as profit share although they had to leave most in the business, this was the huge benefit of floatation.

With GS loads of pay is bonus rather than salary.