BRFR Cake Stop 'breaking news' miscellany

[icowden]

Oh, poor things.

That only leaves them with £1.5 million to live on !

 

[Beebo]

Oh, poor things.

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If you pay £1.3 million it means you have probably inherited £2.9 million after tax.

And that’s the average!

 

[First Aspect]

If you pay £1.3 million it means you have probably inherited £2.9 million after tax.

And that’s the average!

That's the average of people paying IHT.

 

[Psamathe]

Millionaire families pay more IHT than non-eligible families. Shocker!

The "shocker" is that people are paying IHT. There are a lot of (pretty easy) ways to get round or dramatically reduce liability. Takes a bit of planning and a few ways people can get caught but not too difficult where you have the wealth to have liability.

 

[Pblakeney]

The "shocker" is that people are paying IHT. There are a lot of (pretty easy) ways to get round or dramatically reduce liability. Takes a bit of planning and a few ways people can get caught but not too difficult where you have the wealth to have liability.

True.
I try to allow for stupidity but always fail to allow enough. 😉

 

[icowden]

The "shocker" is that people are paying IHT. There are a lot of (pretty easy) ways to get round or dramatically reduce liability. Takes a bit of planning and a few ways people can get caught but not too difficult where you have the wealth to have liability.

Indeed. It's the people in the gap between doing reasonably well and being wealthy. Once you are wealthy enough for a good accountant you property is owned by an offshore Trust in the Caymans. Weirdly we don't seem to be willing to go after the people wealthy enough to put their money in a Trust in the Caymans.

Some wags have suggested that the influence of Politicians who have Hedge Funds and Trust Funds in the Caymans might have had some effect on this...

 

[BoldonLad]

The "shocker" is that people are paying IHT. There are a lot of (pretty easy) ways to get round or dramatically reduce liability. Takes a bit of planning and a few ways people can get caught but not too difficult where you have the wealth to have liability.

Perhaps they have avoided as much as they can, but, still have to pay some?

It is all these enormous BBC salaries that cause all this wealth 😂