Same old Tories...

[Dave the OAP]

I'm not 100%, but as I understand it, the IT would take no account of fees payable due to the sale of the house, nor would it take account of the number of recipiants. i.e. it is a flat 40% tax on the total value of the estate at time of death.

So if the house is worth 350k, and the IT limit is £300k, then £50k would be taxable at 40%, plus 40% of any other assets.

really....f***ing red bastards.

we were relying on that for our pension and Round The World cruises

VOTE TORY

 

[The Antikythera Mechanism]

In the course of a decade of global economic growth, Gordon Brown has been able to hide the deficiencies of his approach even though the real cost has been enormous. He is the man who has doubled people's council tax and destroyed their pension. He is the man whose tax credits scheme has wasted billions and forced some of the poorest in our midst to pay back thousands. He is the man who sold the UK's gold reserves, so losing us £7bn. And as taxation and spending have risen to the very limits, he is the man who instead of recalibrating the UK economy has squandered the last decade and set aside nothing for a rainy day. All of this is the antithesis of careful financial management. He has used his position to buy votes in the sort-term, not help Britain in the long-term

 

[Moshe Gariani]

In the course of a decade of global economic growth, Gordon Brown has been able to hide the deficiencies of his approach even though the real cost has been enormous. He is the man who has doubled people's council tax and destroyed their pension. He is the man whose tax credits scheme has wasted billions and forced some of the poorest in our midst to pay back thousands. He is the man who sold the UK's gold reserves, so losing us £7bn. And as taxation and spending have risen to the very limits, he is the man who instead of recalibrating the UK economy has squandered the last decade and set aside nothing for a rainy day. All of this is the antithesis of careful financial management. He has used his position to buy votes in the sort-term, not help Britain in the long-term

not a big fan then...?

 

[Dave the OAP]

In the course of a decade of global economic growth, Gordon Brown has been able to hide the deficiencies of his approach even though the real cost has been enormous. He is the man who has doubled people's council tax and destroyed their pension. He is the man whose tax credits scheme has wasted billions and forced some of the poorest in our midst to pay back thousands. He is the man who sold the UK's gold reserves, so losing us £7bn. And as taxation and spending have risen to the very limits, he is the man who instead of recalibrating the UK economy has squandered the last decade and set aside nothing for a rainy day. All of this is the antithesis of careful financial management. He has used his position to buy votes in the sort-term, not help Britain in the long-term

not to mention putting our young student poulation into horrendous debt - if she takes the full loan, including course fee loans, in 4 years she will come out witha debt of somewhere around £25k.....its effing scandalous

 

[hans kraay fan club]

As opposed to selling off all of our state-owned industries, to buy cheap votes, from 'the people' who made a few quid out of share schemes? That truly was taking the long view wasn't it?

 

[Mellor 3 Ward 4]

I'm not 100%, but as I understand it, the IT would take no account of fees payable due to the sale of the house, nor would it take account of the number of recipiants. i.e. it is a flat 40% tax on the total value of the estate at time of death.

So if the house is worth 350k, and the IT limit is £300k, then £50k would be taxable at 40%, plus 40% of any other assets.

Correct.

 

[hans kraay fan club]

not to mention putting our young student poulation into horrendous debt - if she takes the full loan, including course fee loans, in 4 years she will come out witha debt of somewhere around £25k.....its effing scandalous

Don't take this as a dig at you Dave, but when I was a student marching against the introduction of loans in place of grants in 1989, it wasn't a Labour government we were campaigning against. Whilst some would love to blame Blair or Brown for every poor decision that has been made since the sixties, its not really true, is it?

 

[Simster]

He is the man who sold the UK's gold reserves, so losing us £7bn.

As opposed to Norman Lamont who sold 10% of the BoE's bank reserves in order to prop up the pound inside the ERM, for all of about one month.

 

[hans kraay fan club]

As opposed to Norman Lamont who sold 10% of the BoE's bank reserves in order to prop up the pound inside the ERM, for all of about one month.

That doesn't count.

 

[Dave the OAP]

Whilst some would love to blame Blair or Brown for every poor decision that has been made since the sixties, its not really true, is it?

yes it is a dig...quelle surprise

Ok then, using that argument, Blair could quite easily have not introduced it!

 

[Mellor 3 Ward 4]

In the course of a decade of global economic growth, Gordon Brown has been able to hide the deficiencies of his approach even though the real cost has been enormous. He is the man who has doubled people's council tax and destroyed their pension. He is the man whose tax credits scheme has wasted billions and forced some of the poorest in our midst to pay back thousands. He is the man who sold the UK's gold reserves, so losing us £7bn. And as taxation and spending have risen to the very limits, he is the man who instead of recalibrating the UK economy has squandered the last decade and set aside nothing for a rainy day. All of this is the antithesis of careful financial management. He has used his position to buy votes in the sort-term, not help Britain in the long-term

What an excellent post.

Shame that the alternatives are no real alternatives.

 

[hans kraay fan club]

yes it is a dig...quelle surprise

Ok then, using that argument, Blair could quite easily have not introduced it!

In 1989?

 

[Barrel of Fun]

Disagree completely...mass building of housing and the price of units just will not fall.

I wasn't laying the blame at the door of Labour. I was pointing out that the system has been slowed and less houses are being built as a result.

Interestingly, the government have pledged £500m to speed up the process. The Housing and Planning Delivery Grant (HPDG).

CfSH, HQIs, EcoHomes assesments are not the only cause, but they are a factor. That is certainly how I see it from my experience.

 

[London Calling]

doesn't work exactly like that... on a serious point there does seem a very straightforward avoidance strategy available for most fairly standard two parents and children situations whereby the allowance is doubled by the setting up of a simple Trust Fund on the death of the first parent... meaning that unless the "family home" is worth more than £600K no tax would be paid...

HAVE YOU MORE DETAILS ON THIS?

 

[readingstockport]

As opposed to selling off all of our state-owned industries, to buy cheap votes, from 'the people' who made a few quid out of share schemes? That truly was taking the long view wasn't it?

And squandering billions of pounds of oil revenues on creating mass un-employment in pursuit of a monetarist policy now shown to have been based on lies and falsified statistics.

 

[Moshe Gariani]

HAVE YOU MORE DETAILS ON THIS?

as I say, its pretty standard stuff... a quick search on Google should bring it up... I'm no expert and don't know what the restrictions are (married couple, willing to leave to children rather than spouse, etc...) but I'm sure someone on here will explain more...

 

[London Calling]

I wasn't laying the blame at the door of Labour. I was pointing out that the system has been slowed and less houses are being built as a result.

Interestingly, the government have pledged £500m to speed up the process. The Housing and Planning Delivery Grant (HPDG).

CfSH, HQIs, EcoHomes assesments are not the only cause, but they are a factor. That is certainly how I see it from my experience.

What is also perverse. You can build a new home for £60k but it cost us £45k to build an attic bedroom, with storage and a bathroom suite.

 

[readingstockport]

Isn't VAT chargable on home improvements but not on new builds? That would account for 17.5% of the money.

 

[hans kraay fan club]

And squandering billions of pounds of oil revenues on creating mass un-employment in pursuit of a monetarist policy now shown to have been based on lies and falsified statistics.

All Blair's fault.*









*Or Mark McGhee.

 

[Boroseagull]

HAVE YOU MORE DETAILS ON THIS?

http://www.speechlys.com/iht.htm

Try this partnership.