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longtomsilver

And The Rot Sets In!

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The reason I feel inheritance tax should be 100%, care should be free (what was NI for) and a reset button should be hit with every generation re. house prices and same life chances as our parents.

High house prices foster bad relationships between siblings and siblings and their parents as the young secretly wish the older generation kick the bucket sooner in order that they can flog the home to afford their own.

UK sucks.

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That's stupid. We may as well all plan our retirements around dieing with nothing.

What a bizarre post. 2am must have been a bit gloomy for you today.

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probably one of the daftest posts that I have ever seen - and I see lots at american sites :D

I do hope, that given the time, there was alcohol involved.

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To be consistent, it should be treated as just another source of income. With the current top tax rate at 50%, and it all coming in one year, the inheritance would attract this rate. If you give a lump sum as a gift to anyone else, they have to pay tax on it. The argument that the parent has already paid tax in invalid since that is true of every pound everyone has. We tax individuals and not families. You can be sure that there would be grumbling if we combined man and wife income as a single entity putting them into the top tax bracket.

The rule that capital gains on the main house sale be tax free is similarly bizarre considering almost every other asset attracts CGT.

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That's stupid. We may as well all plan our retirements around dieing with nothing.

If you have no-one who you want to leave money to, dying penniless makes perfect financial sense. Think about it.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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