Inheritance tax ...

[diy_fun_uk]

WTF?

Person can't get on housing ladder rents for 25 years, ends up with £0.00 assets

Landlord rents out property after 25 years has a asset of £250,000

I'm not sure what bullsh1t strawman you atre trying to prove.....clearly you a landlord and spewing out same hogwash as MBK

Deary deary me.

Absolutely NO comeback so you resort to typing GUFF that has FECK ALL to do with my points and doesn't answer them in any way. I know who spews bullsh1t on this subject. Clue, it isn't me

Many people in this country have a mortgaged property, however by your logic the very fact they own a property makes them WEALTHY.

Tip. You need to get 'all things relating to assets for dummies' out at the library and read up. Actually, maybe start with 'counting up to 10' from the kiddies section ...

 

[diy_fun_uk]

I'm just off the phone to my cousin. She owns her flat outright, value around £75k. I've told her not to worry, she's WEALTHY!!!

I'm just off the phone to my other cousin. He owns his flat, value around £75k, however has a £50k mortgage on it. I've told him not to worry, the very fact he owns a property means he's WEALTHY!!!

They'll both sleep easy tonight.

 

[diy_fun_uk]

My mate's selling this. I've told him if it achieves the asking price he is going to be WEALTHY!!! He will be laughing all the way to the bank!!!

Check out this 1 bedroom flat for sale on Rightmove

1 bedroom flat for sale in Aldeburgh Avenue, Newcastle upon Tyne, Tyne and Wear, NE15 for £39,950. Marketed by YOUR MOVE Chris Stonock, West Denton

www.rightmove.co.uk

 

[festive]

Instead of starting my own thread will continue here. Tell me below aint so. (im sure some of you left witted dimwits will)

Inheritance tax compounds its immorality by stripping wealth from grieving families and funneling it into a bloated system rife with inefficiency. The hard-earned assets of one generation, intended to provide security and stability for the next, are confiscated only to be squandered by governments on countless quangos and poorly managed projects. Instead of preserving the value of a family’s legacy, this tax ensures that wealth is diluted, misallocated, and wasted in a bureaucratic machine where meaningful impact is often lost. It is an insult to those who have worked diligently to build something for their loved ones, only to see it handed over to a system that devalues their effort and wastes their sacrifice.

Why aren't we all campaigning to having this immoral tax abolished. Its quite incredible.

 

[Nwgs2]

Why aren't we all campaigning to having this immoral tax abolished. Its quite incredible.

I totally agree.

 

[diy_fun_uk]

Instead of starting my own thread will continue here. Tell me below aint so. (im sure some of you left witted dimwits will)

Inheritance tax compounds its immorality by stripping wealth from grieving families and funneling it into a bloated system rife with inefficiency. The hard-earned assets of one generation, intended to provide security and stability for the next, are confiscated only to be squandered by governments on countless quangos and poorly managed projects. Instead of preserving the value of a family’s legacy, this tax ensures that wealth is diluted, misallocated, and wasted in a bureaucratic machine where meaningful impact is often lost. It is an insult to those who have worked diligently to build something for their loved ones, only to see it handed over to a system that devalues their effort and wastes their sacrifice.

Why aren't we all campaigning to having this immoral tax abolished. Its quite incredible.

Great post.

Odious tax, end of.

 

[Justin Passing]

Instead of starting my own thread will continue here. Tell me below aint so. (im sure some of you left witted dimwits will)

Inheritance tax compounds its immorality by stripping wealth from grieving families and funneling it into a bloated system rife with inefficiency. The hard-earned assets of one generation, intended to provide security and stability for the next, are confiscated only to be squandered by governments on countless quangos and poorly managed projects. Instead of preserving the value of a family’s legacy, this tax ensures that wealth is diluted, misallocated, and wasted in a bureaucratic machine where meaningful impact is often lost. It is an insult to those who have worked diligently to build something for their loved ones, only to see it handed over to a system that devalues their effort and wastes their sacrifice.

Why aren't we all campaigning to having this immoral tax abolished. Its quite incredible.

That applies qualitatively to all taxes.

I think, if you don't have IHT, you end up with mafia type dynasties (Medici and on) which are so wealthy they control the country. A bad thing.

Props to Lloyd George.

 

[denso13]

Why aren't we all campaigning to having this immoral tax abolished.

Because it isn't as simple as you make out and could be argued in the same way for other taxes. What other taxes should be increased to compensate?

 

[festive]

That applies qualitatively to all taxes.

I think, if you don't have IHT, you end up with mafia type dynasties (Medici and on) which are so wealthy they control the country. A bad thing.

Props to Lloyd George.

Mafia dynasties that impose control over large areas imposing unjustified 'protection' fees and others in order to gain even more money. Oh You mean like the government? For whatever reason they've just about taxed everything now. Its so fcked up.

Lets take Fat Tax for example.
Im all for this touted Fat tax (i mistyped that and put Fart Tax lol, ok made me laugh, a thing already right methane) but i feel it's just another abuse of public sentiment against fat people to sneak in another tax, then all a sudden we are all paying tax on 'junk' food even though the healthy ones who have the odd treat are not actually affected.

How about changing it for once in their low lifes and making 'CONCESSIONS' that's right. We will instigate a Fat tax and the Fat Tax will subsidise healthy snacks DIRECTLY not again wasted and whittled away on s'ht.

The actual issue with Taxes is instead of Governments striving to reign in spending and create an efficient country like a well audited private company they create more and more taxes to stick plasters over plasters. Its strangling us to death.

Who would ever give your hard earned money to a complete stranger who doesn't give a sh't about you to trust they spend it on your welfare in return....oh wait...

 

[motorbiking]

The more you earn, the more you get screwed.
Personal allowance - nope
Tax free pension contributions - just 10k
Care when you are old - you pay.
Live in the SE. And own a house - stiffed with stamp duty.

Tax isn’t proportional, so that you pay more as you earn more. No wonder people try find ways to reduce their bill.

I’m sure a few lefties will be along shortly moaning how little the wealthy pay and demanding they all chip in more.

 

[denso13]

The more you earn, the more you get screwed.

You'd like it the other way round of course, but that would be silly. Those that can pay more, should.

 

[Brigadier]

The more you earn, the more you get screwed.
Personal allowance - nope
Tax free pension contributions - just 10k
Care when you are old - you pay.
Live in the SE. And own a house - stiffed with stamp duty.

Tax isn’t proportional, so that you pay more as you earn more. No wonder people try find ways to reduce their bill.

I’m sure a few lefties will be along shortly moaning how little the wealthy pay and demanding they all chip in more.

Why are you still here then?

Serious question.

 

[motorbiking]

You'd like it the other way round of course, but that would be silly. Those that can pay more, should.

No I’m happy with paying more. But why can’t I save £60k in my pension tax free like everyone else?
It’s the lumpiness that is frustrating.

 

[blup]

Instead of starting my own thread will continue here. Tell me below aint so. (im sure some of you left witted dimwits will)

Inheritance tax compounds its immorality by stripping wealth from grieving families and funneling it into a bloated system rife with inefficiency.

Death and taxes are inevitable, its just merging the two. The biggest tax rises in history have been because of wars we participated in

The hard-earned assets of one generation, intended to provide security and stability for the next, are confiscated only to be squandered by governments on countless quangos and poorly managed projects. Instead of preserving the value of a family’s legacy, this tax ensures that wealth is diluted, misallocated, and wasted in a bureaucratic machine where meaningful impact is often lost

Be careful that is an argument for death taxes if they are prudently applied.

. It is an insult to those who have worked diligently to build something for their loved ones, only to see it handed over to a system that devalues their effort and wastes their sacrifice.

Why aren't we all campaigning to having this immoral tax abolished. Its quite incredible.

Sympathetic with this, its recycling money thats been taxed x times already. But politicians want to get elected, and income tax rises are less popular.

 

[noseall]

Why aren't we all campaigning to having this immoral tax abolished. Its quite incredible.

Because a majority of folk agree with with it.