Benjamin_Nevis Posted July 2, 2019 Share Posted July 2, 2019 Also former bankrupts. I think we've lost track a little here in HBs idiocy. Surely the bigger picture here is further evidence of Labour's electoral suicide. 2 Quote Link to comment Share on other sites More sharing options...
Detournement Posted July 2, 2019 Share Posted July 2, 2019 (edited) 10 minutes ago, MixuFixit said: And then risk the asset being forcibly sold if you can't pay the loan back? Aye like all the millions of people who have a mortgage to put a roof over their head! I'm enjoying this anyway. The "Personally I don't mind paying it but it's the boys in Barlinnie i'm worried about really" line is like something out The Onion. Second place goes to JLD who thinks the tax system should be flexibile for people who are in negative equity in one home and want to own a second one Edited July 2, 2019 by Detournement 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted July 2, 2019 Share Posted July 2, 2019 30 minutes ago, Stinky Bone said: He wouldn't own it until after probate and the estate was finalised. These things can take time, the taxman doesn't want to wait long for his money. Banks offer loans for that scenario. 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 9 minutes ago, welshbairn said: You won't get any housing benefit to pay for it. Best take this up with E&Y. They can draft a law about it 9 minutes ago, MixuFixit said: And then risk the asset being forcibly sold if you can't pay the loan back? No-one should ever take out a secured loan. Ever. -1 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 Just now, MixuFixit said: You chose folk in prison for whatever reason, I suggested lots of cased of people *WHO DON'T HAVE ENOUGH OF AN INCOME TO FINANCE A LOAN TO PAY AN UNEXPECTED TAX BILL* that this policy would shaft at the very moment they might really need that inheritance. Absolutely right. Because these people haven't just received a windfall of £125k to settle a tax liability of £10k. -1 Quote Link to comment Share on other sites More sharing options...
Detournement Posted July 2, 2019 Share Posted July 2, 2019 Just now, MixuFixit said: *WHO DON'T HAVE ENOUGH OF AN INCOME TO FINANCE A LOAN TO PAY AN UNEXPECTED TAX BILL* They can sell. 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: Sure they should if they have the means to pay it back. 15 minutes ago, MixuFixit said: And then risk the asset being forcibly sold if you can't pay the loan back? Make your mind up. -1 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 Just now, MixuFixit said: 2 minutes ago, Tibbermoresaint said: Absolutely right. Because these people haven't just received a windfall of £125k to settle a tax liability of £10k. A non trivial number of whom won't be able to pay it due to to their income and their situation meaning selling isn't desirable. Sometimes life is tough. If you've got a debt of £10k to pay and an asset of £125k then my sympathy is limited. 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, Stinky Bone said: My son has no assets, the only one he would have is my house. Which would not be his until after the estate was finalised. Even if the bank was to offer a loan to pay the taxman, he would have difficulty repaying it. He has an asset worth £125k and difficulty paying a £10k debt? How on earth does that work? -1 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: Capital isn't income you numbskull. No-one said it is you numbskull. -1 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 Just now, MixuFixit said: Some can't FFS. -1 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted July 2, 2019 Share Posted July 2, 2019 1 minute ago, Tibbermoresaint said: He has an asset worth £125k and difficulty paying a £10k debt? How on earth does that work? The asset is a roof over his head. 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 Just now, MixuFixit said: You implied it was you cretin No. You inferred it you cretin. -1 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 1 minute ago, Stinky Bone said: You really don't get it do you. My small property (2 bedroom detached) that I own is the only thing that I have. What of it? Just now, welshbairn said: The asset is a roof over his head. See above. 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 Just now, MixuFixit said: It's pointless continuing tibs. You are just of too low an intellect to contribute. You're just not equipped for this. 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted July 2, 2019 Share Posted July 2, 2019 Just now, Stinky Bone said: He doesn't have the asset until I die. He doesn't have the liability until you die. 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted July 2, 2019 Share Posted July 2, 2019 (edited) 15 minutes ago, Stinky Bone said: My son has no assets, the only one he would have is my house. Which would not be his until after the estate was finalised. Even if the bank was to offer a loan to pay the taxman, he would have difficulty repaying it. You say he is paying rent just now. Whatever rent he is paying will be more than a loan repayment would be. The idea that people can't afford to inherit a six figure estate if it comes with a tax bill of less than 10% is 24 carat nonsense that the Daily Express would be too ashamed to publish. Edited July 2, 2019 by Detournement 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted July 2, 2019 Share Posted July 2, 2019 1 minute ago, Detournement said: You say he is paying rent just now. Whatever rent he is paying will be more than a loan repayment would be. The idea that people can't afford to inherit a six figure estate if it comes with a tax bill of less than 10% is 24 carot nonsense that the Daily Express would be too ashamed to publish. 40% of anything over £125,000. This is all nonsense anyway, Labour won't propose it and even if they did they wouldn't get elected. 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, Stinky Bone said: He is in a position that he cannot get a loan. He has no security, no assets nothing. Apart from a £125k property. 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, Stinky Bone said: That he will not own until after my death, if at all. If he doesn't own it then he doesn't have a tax liability. 0 Quote Link to comment Share on other sites More sharing options...
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