Prices of the electricity we use to charge
- Thread starter flecc
- Start date
No. The proceed is part of the estate and already taxed if going over the tax free allowances. What you get is tax paid. You need to talk to your solicitor though.
No. Any inheritance tax is already deducted. You don't pay any inheritance tax unless the value of his estate is greater than £325k. Other than that, what he left you is tax free and yours to do what you like with it.
Sorry to hear about that. Now I'm wondering if care home residents are still dying faster than they were before the pandemic.
Why not rent it out instead?he is a twat and just told him sort it asap and send me the money
"Eat the rich"
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Column: Good news for 100% clean energy. Geothermal has finally arrived
Superhot underground rocks can supply 24/7 clean power, combating the climate crisis.
www.latimes.com
For me at least, very bright headlights has stopped all that happening - a total of "6000LM" on the handlebar on day and night. During the day, I keep one "1800LM" flashing, the other "1800LM" and "2400LM" on constant mode. At night all handlebar headlights on constant mode. Plus another "1800LM" headlight made red as a rear blinky, flashing day and night. They're not blinding, I've tested them on driver friends.
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I don't really want to become an advocate for the super rich, though i don't have any animosity towards them. People who do are just envious. I have an old pal from schooldays who hates people who have more than him. It is pure envy and insane , old fashioned hard left politics that he got at his father's knee - his father, an old fashioned communist born about 1914 who wanted revolution like in Russia.
A few facts about who pays the most tax:
The top 1% in wealth pay 29% of all the tax the government collects.
The richest 10% pay 60% of all income tax receipts.
Back in the 1970s the Labour Chancellor Denis Healey boasted that he would squeeze the rich until the pips squeaked. He raised tax on the rich to 95%. They left the country in droves. The tax take fell.
When Thatcher came to power she scrapped the 95% tax rate and made the top rate 40%. The amount of tax collected rose substantially. Why? Because rich people came back to the UK. These are the people who can move anywhere in the world.
The non-Doms hated by the hard left, are people whose money comes from abroad (like Sunac's wife - an Indian woman whose Indian family have large fortunes earned in India). Why chase these people away because they don't pay income tax and corporation tax on Indian money? It is stupid and counter productive. They pay huge amounts of VAT on their spending. We simply lose all that VAT, and the employment generated by their spending, because they moved somewhere else and spend their money there.
Another proposed Labour tax that is going to shoot them in the foot is the removal of the VAT concession on private education. All my sons went to ordinary schools, so I have no axe to grind for private education. The average day school fees are £21,000 a year. Charging VAT on those fees will cause a very large number of families to abandon private education and send their children to ordinary schools. Many of them will close down when they lose their pupils and we will certainly see a huge inflow of new pupils into the ordinary schools. The cost of educating all those newcomers to the state school system will far outweigh what they collect in VAT from those who stay private.
This kind of politics is counter productive.
the top 1% richest people here (685,500 people) own about £2.8 trillions in the UK.
If they were to pay 1% of their wealth a year in tax, that would be £288 billions a year. That amount would help solve a lot of public service issues like pot holes on our roads. I would suggest that amount would count as tax credit toward their inheritance tax. ATM most of that wealth is held in family trusts, paying no inheritance tax.
Edit
A member pointed out to me that 1% of 2.8 trillions is 28 billions.
Thank you AnthonyC.
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"The Tory chancellor has been accused of "throwing the kitchen sink" at keeping his seat after donating £32k in two months to his local party."
news.sky.com
Jeremy Hunt donates £32,000 of own money to local party amid 'neck and neck' fight to keep seat
The Tory chancellor has been accused of "throwing the kitchen sink" at keeping his seat after donating £32k in two months to his local party.
The Tories’ 14-year tax raid on pensioners finally laid bare
From savers to investors, the Conservatives have ‘hammered’ Britons’ wealth since 2010
And do you think they would stay here to pay that? Why would they? They would simply bugger off elsewhere and keep their money. The Caymans? Dubai? California? All kinds of places would be VERY happy to have them and their indirect taxes. The Non Dom concessions were deliberately made to encourage them to come here so they would spend and pay VAT.
The 1970s Labour policy showed us exactly what would happen.
General election 2024: seats to watch - UK in a changing Europe
What seats should you be watching on election night? UK in a Changing Europe has compiled 10 categories of constituency, all of which tell us something important about the state of play at this election.
ukandeu.ac.uk
He m
If you have as much money as they have , paying 1% tax is not a big deal, especially if it counts as advance on inheritance tax and their fortune grows much more than 1% a year.
I don't care really, except that we know when the very rich were taxed highly in the past, all the very wealthy media types and pop stars and many other just went elsewhere. When Thatcher came in and reduced it to a sensible level, they all came back again and paid 40% and lots and lots of vat. I think it is just driven by old fashioned envy and stupidity since there will in the end be less money for what the Chancellor wants to pay for.
Its just a fact that lowish tax economies grow faster than high tax ones. Nobody is going to work hard to see the majority of their money sucked up and given to other people.
USA growth rate last year 2.7%
Euro zone growth average last year 0.7%
UK growth last year 0.5%
Which one has the lowest tax rates? People work harder to make more money when they get to keep most of it.
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