Labour and a New Inheritance Tax Proposal

You have done nothing at all to increase the value of your house.

You are reducing the mortgage.
I have made significant improvement to it whilst servicing a large debt associated with it.

What I accrue over that 25-year period could also have been achieved by other means. I chose property because I also need somewhere to live.
 
I have made significant improvement to it whilst servicing a large debt associated with it.

What I accrue over that 25-year period could also have been achieved by other means. I chose property because I also need somewhere to live.
I bought my first house as I was homeless from 16-18. I joined at 23. Getting my Lcpl after 15 mins....so I would never be homeless again. By 32 I owned a house outright and small mortgage on my second. I did not buy a tax free car until 33. My wife at 22 had a house paid for and a new car paid for....the house buying was so I would never sleep on the streets again, not about investment...If only I had known. I would have also bought all those Vespas that were £40 when I was 16 and the Mini's that were £50 at 17
 
Not what I said, at all.

Why would the geographical relocation of those with responsibility for fiscal decisions to somewhere outside London change the decisions made?
In the same way that the geographical relocation of those with responsibility for transport decisions to somewhere outside the only city in England that has a comprehensive transport system would change the decisions made.

They'd be obliged to take notice of the fact that what fits London doesn't necessarily fit the rest of the UK and that 80+% of the population of the UK doesn't live in London.
 
...Whilst the Labour Party and trade union elites will use each and every dodge in the book to avoid as much as a penny of their estates falling into the hands of the taxman.

Examples,

Anthony Wedgewood Benn

Milliband senior

Ken Livingstone

George Galloway

All the above have been the subject of allegations involving tax avoidance.
Its not tax avoidance when they do it, its tax minimisation, in order to save millions and never challenged by the taxman cos it's too hard. When you make a mistake on your tax return that's tax avoidance and they come down on you like a ton of bricks.
A few years ago in Aus a number of senior staff from the tax office took early retirement on index linked pensions to become consultants to tax lawyers for high end clients in order to show them ways around the regulations they had just put in place!
 
Its not tax avoidance when they do it, its tax minimisation, in order to save millions and never challenged by the taxman cos it's too hard. When you make a mistake on your tax return that's tax avoidance and they come down on you like a ton of bricks.
A few years ago in Aus a number of senior staff from the tax office took early retirement on index linked pensions to become consultants to tax lawyers for high end clients in order to show them ways around the regulations they had just put in place!
I must remember that-especially if they get into power. Otherwise it may be a one-way trip to a re-education camp!.
 
We always know the Tories are at. Always have been, and always will.

However the socialists like to think they are whiter than white, and the mantra is taxation is good for you, and you must pay for the betterment of society.

Like Aninal farm, there seems to differing standards for them and the plebs.
 
Assuming the next Labour government don't just abolish elections outright, and we become a Peoples "Democratic" Republic. Like many other (now former) communist countries.
 
In the same way that the geographical relocation of those with responsibility for transport decisions to somewhere outside the only city in England that has a comprehensive transport system would change the decisions made.

They'd be obliged to take notice of the fact that what fits London doesn't necessarily fit the rest of the UK and that 80+% of the population of the UK doesn't live in London.
Rubbish. Not least because I work with a lot of people from DfT and Highways England and see what they do.

Having a coherent national view is not at all dependent upon location, and you do the politicians, civil servants and the experts who work with and for them a total disservice.

Are you saying that we take a different view on road tax because the DVLA is based in Swansea, for instance?

If McDonnell were to get his way, I bet the relocation wouldn’t be to a Tory-voting area. It’s a vote-grab.
 
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