Inheritance Tax
Forum rules
Please read and follow this sub-forum's specific rules listed HERE, as well as our sitewide rules listed HERE.
Link to the Secret Ninja Sessions community ustream channel - info in this thread
Please read and follow this sub-forum's specific rules listed HERE, as well as our sitewide rules listed HERE.
Link to the Secret Ninja Sessions community ustream channel - info in this thread
Inheritance Tax
I don't really get it, why is inheritance taxed again, surely you've already been taxed once on earnings?
soronery wrote:Too easy to sit behind a keyboard with a playlist of dubstep tunes on, arguing about the defintion of a word in relation to a sound.
All that melts away when the lights are down and the bass is up.
Re: Inheritance Tax
Because the government are stnuc.
Re: Inheritance Tax
Can you not just give everything away just before you die to avoid having to pay it or have they thought of that?
Soundcloud
kay wrote:We kept pointing at his back and (quietly) telling people "That's M8son...."
wolf89 wrote:I really don't think I'm a music snob.
Re: Inheritance Tax
Dont see how they can, just start bank transferring the money over when you hit like 80 or summetm8son wrote:Can you not just give everything away just before you die to avoid having to pay it or have they thought of that?
soronery wrote:Too easy to sit behind a keyboard with a playlist of dubstep tunes on, arguing about the defintion of a word in relation to a sound.
All that melts away when the lights are down and the bass is up.
Re: Inheritance Tax
Depending on how ballin you are you can set up a trust fund...
I think the limit is £325k before you have to pay inheritance tax anyway.
I think the limit is £325k before you have to pay inheritance tax anyway.
Re: Inheritance Tax
Yeah, they're wise to thatm8son wrote:Can you not just give everything away just before you die to avoid having to pay it or have they thought of that?
Same as you can't flog off all your assets to a mate for a quid before declaring bankruptcy.
Re: Inheritance Tax
just checked, you're right. then you're taxed at 40%Laszlo wrote:Depending on how ballin you are you can set up a trust fund...
I think the limit is £325k before you have to pay inheritance tax anyway.
soronery wrote:Too easy to sit behind a keyboard with a playlist of dubstep tunes on, arguing about the defintion of a word in relation to a sound.
All that melts away when the lights are down and the bass is up.
Re: Inheritance Tax
the bastardswub wrote:Yeah, they're wise to thatm8son wrote:Can you not just give everything away just before you die to avoid having to pay it or have they thought of that?
Same as you can't flog off all your assets to a mate for a quid before declaring bankruptcy.
Soundcloud
kay wrote:We kept pointing at his back and (quietly) telling people "That's M8son...."
wolf89 wrote:I really don't think I'm a music snob.
Re: Inheritance Tax
You can in theory double the threshold allowance by having your parents declare their estates separately prior to their passing, so £375k from one and £375k from another tax free.
That requires a bit more planning though on their part.
That requires a bit more planning though on their part.
-
bennyfroobs
- Posts: 4532
- Joined: Wed Dec 26, 2012 2:52 am
- Location: the rainy north
Re: Inheritance Tax
cuntservatives
TopManLurka wrote:FTR, requirements for being a 'head':
-you have to be youngsta
-you must have been in that infamous room of ten people.
-a DMZ release is preferable but not necessary.
-please note that being youngsta is mandatory.
Re: Inheritance Tax
The inheritance tax free threshold has increased by £120k since 1997, although it's worth noting that not one of those increases has been since the ConDemNation took power.bennyfroobs wrote:cuntservatives
The current threshold is due for review in April 2015.
Re: Inheritance Tax
Soundcloud
kay wrote:We kept pointing at his back and (quietly) telling people "That's M8son...."
wolf89 wrote:I really don't think I'm a music snob.
-
bennyfroobs
- Posts: 4532
- Joined: Wed Dec 26, 2012 2:52 am
- Location: the rainy north
Re: Inheritance Tax
blair was a conservative in disguise :pwub wrote:The inheritance tax free threshold has increased by £120k since 1997, although it's worth noting that not one of those increases has been since the ConDemNation took power.bennyfroobs wrote:cuntservatives
The current threshold is due for review in April 2015.
TopManLurka wrote:FTR, requirements for being a 'head':
-you have to be youngsta
-you must have been in that infamous room of ten people.
-a DMZ release is preferable but not necessary.
-please note that being youngsta is mandatory.
Re: Inheritance Tax
Does that figure include property?Laszlo wrote:Depending on how ballin you are you can set up a trust fund...
I think the limit is £325k before you have to pay inheritance tax anyway.
Re: Inheritance Tax
Total value of estate, so property, possessions, money and investments.rockonin wrote:Does that figure include property?Laszlo wrote:Depending on how ballin you are you can set up a trust fund...
I think the limit is £325k before you have to pay inheritance tax anyway.
-
bennyfroobs
- Posts: 4532
- Joined: Wed Dec 26, 2012 2:52 am
- Location: the rainy north
Re: Inheritance Tax
thats soooo bastardly :/
robbing people blind even after the die
robbing people blind even after the die
TopManLurka wrote:FTR, requirements for being a 'head':
-you have to be youngsta
-you must have been in that infamous room of ten people.
-a DMZ release is preferable but not necessary.
-please note that being youngsta is mandatory.
Re: Inheritance Tax
Taxation isn't a terribly Conservative pass-time and dynasty-protection is a rather Conservative pass-time; if anything, Conservatives should campaign against inheritance tax.bennyfroobs wrote:cuntservatives
I'm pretty in favour of it. If you're leaving your kids enough cash and assets that they're able to live comfortably without having to work very hard (or pay PAYE) then it's probably only fair that they contribute a little to the running of the country.
Not a fan of dynasties, personally.
Meus equus tuo altior est
"Let me eat when I'm hungry, let me drink when I'm dry.
Give me dollars when I'm hard up, religion when I die."
"Let me eat when I'm hungry, let me drink when I'm dry.
Give me dollars when I'm hard up, religion when I die."
nowaysj wrote:I wholeheartedly believe that Michael Brown's mother and father killed him.
Re: Inheritance Tax
I dunno, i guess im a bit biased but i dont really like the idea, you pay tax on your income in the first place. it's surely a bit shit to work hard to give your kids the best possible start in life and then know you're only gonna be giving your kids 30% of your salarymagma wrote:Taxation isn't a terribly Conservative pass-time and dynasty-protection is a rather Conservative pass-time; if anything, Conservatives should campaign against inheritance tax.bennyfroobs wrote:cuntservatives
I'm pretty in favour of it. If you're leaving your kids enough cash and assets that they're able to live comfortably without having to work very hard (or pay PAYE) then it's probably only fair that they contribute a little to the running of the country.
Not a fan of dynasties, personally.
Last edited by Riddles on Fri Nov 29, 2013 3:47 pm, edited 1 time in total.
soronery wrote:Too easy to sit behind a keyboard with a playlist of dubstep tunes on, arguing about the defintion of a word in relation to a sound.
All that melts away when the lights are down and the bass is up.
Re: Inheritance Tax
how much u gettin tom?
n e chance u cud lend us a tenner?
n e chance u cud lend us a tenner?
DiegoSapiens wrote:thats so industrial
soronery wrote:New low
Re: Inheritance Tax
mate i bought you that bottle of cider the other dayAgent 47 wrote:how much u gettin tom?
n e chance u cud lend us a tenner?
soronery wrote:Too easy to sit behind a keyboard with a playlist of dubstep tunes on, arguing about the defintion of a word in relation to a sound.
All that melts away when the lights are down and the bass is up.
Who is online
Users browsing this forum: No registered users and 0 guests