icowden
Shaman
That only leaves them with £1.5 million to live on !
BRFR Cake Stop 'breaking news' miscellany
- Thread starter briantrumpet
- Start date
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Beebo
Guru
If you pay £1.3 million it means you have probably inherited £2.9 million after tax.
And that’s the average!
First Aspect
Guru
That's the average of people paying IHT.
Psamathe
Guru
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
Legendary Member
icowden
Shaman
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
Old man on a bike. Not a member of a clique.
- Location
- South Tyneside
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 😂
Rusty Nails
Country Member
Is it stupid to not avoid paying IHT?
My kids are adults and reasonably well off. We have already given them a lot of money and told them that the money and property we have left is going to ensure that my wife and I have enough to live a comfortable life, including enough to pay for one or both of us to go into a decent quality care/nursing home should we have to, which is a possibility we must consider in our late 70s.
With the allowances we have they should inherit a tax free million quid between them, or more once tax is paid, if we remain healthy enough to stay independent. They are in full agreement with our plans.
If we had no kids then why should we worry about IHT?
BoldonLad
Old man on a bike. Not a member of a clique.
- Location
- South Tyneside
Am I alone, on here, in finding this story about the BAFTA incident https://www.bbc.co.uk/news/articles/cz6edwg06n1o, rather bizarre?
I suspect the answer is "yes", but, thought I would ask anyway.
To clarify, I didn't watch the BAFTAs, I would not have known about the incident, except, it was on BBC and ITV National News.
I suspect the answer is "yes", but, thought I would ask anyway.
To clarify, I didn't watch the BAFTAs, I would not have known about the incident, except, it was on BBC and ITV National News.
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First Aspect
Guru
I think it is an exquisite example of collectively missing the point.
It is actually rather sad, because the chap who is the subject of the award winning film had to leave the room because of the condition the film was about.
The BBC has once again tripped over itself to virtue signal, by correctly allowing the unedited audio, then apologising for it.
But hey if you didn't know tourettes is stigmatized, you do now.
Rusty Nails
Country Member
What I find bizarre is that people didn't expect the Tourette's sufferer to shout out inappropriate words. That's what they do.
The problem again seems to be not that the BBC didn't apologise, but that they didn't use exactly the right words in their apology. There was also the silly error in not cutting the offending word out of the show which was aired later than it was filmed.
The problem again seems to be not that the BBC didn't apologise, but that they didn't use exactly the right words in their apology. There was also the silly error in not cutting the offending word out of the show which was aired later than it was filmed.
