Granny Danger Posted July 2, 2019 Share Posted July 2, 2019 39 minutes ago, DeeTillEhDeh said: 3 hours ago, O said: Can someone just remove the words 'of Labour' from this thread title ? Just removing H_B would suffice. Or not responding to him. 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted July 2, 2019 Share Posted July 2, 2019 2 hours ago, MixuFixit said: You'll earn a million quid over your lifetime so why not just live a life of luxury in Monaco? What are you talking about? The options are either sell the house and have over £100,000 in cash after paying the tax or take out a loan to pay the tax and live in the house whilst repaying the loan at a lower cost than having a mortgage or monthly rent on any other property. 0 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted July 2, 2019 Share Posted July 2, 2019 We really need a "What is the point of H_B" thread for this pish. 1 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 9 minutes ago, MixuFixit said: I'm talking about there being a non trivial number of people affected at a 125k threshold who either won't want to sell or won't be able to finance a tax bill of the type you are blithely handwaving about. I chose to use your reasoning extended to clownish proportions in the vain hope you could join the dots and realise it's a policy that will write its own conservative and Libdem campaign material and ensure Labour doesn't break 20% at the next GE. I agree with your second paragraph but your first is nonsense. Anyone with a property worth £125k will be able to raise a mortgage to pay a £10k tax liability. 0 Quote Link to comment Share on other sites More sharing options...
John Lambies Doos Posted July 2, 2019 Share Posted July 2, 2019 I agree with your second paragraph but your first is nonsense. Anyone with a property worth £125k will be able to raise a mortgage to pay a £10k tax liability. Not if they are in negative equity. You really don't understand mortgages do you... 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 1 minute ago, John Lambies Doos said: 16 minutes ago, Tibbermoresaint said: I agree with your second paragraph but your first is nonsense. Anyone with a property worth £125k will be able to raise a mortgage to pay a £10k tax liability. Not if they are in negative equity. You really don't understand mortgages do you... They've just received a £125k property for nothing. How can they be in negative equity? 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted July 2, 2019 Share Posted July 2, 2019 19 minutes ago, Tibbermoresaint said: I agree with your second paragraph but your first is nonsense. Anyone with a property worth £125k will be able to raise a mortgage to pay a £10k tax liability. Would Universal Benefits pay it for them? 0 Quote Link to comment Share on other sites More sharing options...
John Lambies Doos Posted July 2, 2019 Share Posted July 2, 2019 [emoji23] They've just received a £125k property for nothing. How can they be in negative equity? I wasn't talking about the property they just received 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted July 2, 2019 Share Posted July 2, 2019 Paying VAT is largely a choice. Paying inheritance tax is not. Huge difference.I'm perplexed. How does one go through life without paying VAT and have a reasonably normal, happy, life? 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted July 2, 2019 Share Posted July 2, 2019 If it catches every single house owner it isn't unfair by definition.Not every house is worth more than £150,000 (or whatever) and the rich can afford to avoid it anyway. 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 2 minutes ago, Baxter Parp said: 14 hours ago, Tibbermoresaint said: If it catches every single house owner it isn't unfair by definition. Not every house is worth more than £150,000 (or whatever) and the rich can afford to avoid it anyway. Where did I mention £150,000? 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted July 2, 2019 Share Posted July 2, 2019 [emoji23] It doesn't. It's lazy journalism. As you're clearly a stupid c**t I'll repeat. Parliamentary draftsmen, who are lawyers, draft laws. Secondees from accountancy firms, who are accountants but not lawyers, do not draft laws. Because they're not lawyers. This is basic stuff.Again, not so. As outlined in most of the articles cited, HMRC is undoubtedly incorporating regulations that have been drafted by one or other of the big 4. I'm interested in why you can be so convinced that this isn't happening. 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 1 minute ago, Baxter Parp said: 9 hours ago, Tibbermoresaint said: It doesn't. It's lazy journalism. As you're clearly a stupid c**t I'll repeat. Parliamentary draftsmen, who are lawyers, draft laws. Secondees from accountancy firms, who are accountants but not lawyers, do not draft laws. Because they're not lawyers. This is basic stuff. Again, not so. As outlined in most of the articles cited, HMRC is undoubtedly incorporating regulations that have been drafted by one or other of the big 4. I'm interested in why you can be so convinced that this isn't happening. I deal in facts. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted July 2, 2019 Share Posted July 2, 2019 Where did I mention £150,000?That's the amount cited (or £125,000). I don't see where you called for every property to be subject to inheritance tax. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted July 2, 2019 Share Posted July 2, 2019 I deal in facts.That you make up. 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 2 minutes ago, Baxter Parp said: 5 minutes ago, Tibbermoresaint said: Where did I mention £150,000? That's the amount cited (or £125,000). I don't see where you called for every property to be subject to inheritance tax. Where I said "if it catches every single house owner". 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 2 minutes ago, Baxter Parp said: 3 minutes ago, Tibbermoresaint said: I deal in facts. That you make up. I don't make facts up. 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 4 minutes ago, MixuFixit said: Unemployed Children The very old Terminally ill Bankrupt Prisoners etc. How many very old people inherit property from their parents? 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 1 minute ago, MixuFixit said: A non trivial number Which is? 0 Quote Link to comment Share on other sites More sharing options...
algy Posted July 2, 2019 Share Posted July 2, 2019 1 minute ago, Tibbermoresaint said: Which is? Well, anyone who dies from the age of 76 and above will potentially have children in their 60s, and by the time you'd get to people in their mid 90s you'd be looking at most having children in their 60s, maybe 70s. A few (96ys+) could have children in their 80s. 0 Quote Link to comment Share on other sites More sharing options...
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