No, because if you die owning a limited company worth £x million it is subject to IHT in the same way as if you owned property and business worth the same amount.
Are you arguing that businesses with expensive propertyshould be forced to sell up as well? And if so, is it a good thing?
Perhaps something could be done on the basis that land is passed on free of IHT, but if and when it is sold, CGT is charged on the original, presumably negligible, cost.
It's a matter of national interest. To some, it doesn't matter if not only our food but also our power, our steel, even our armaments, are imported from friendly foreign nations. But to others, they're issues of national security.
This is the whole of Europe's issue, not just the UK's. If we...
It's quite a lot more. If you have land plus farmhouse plus barns plus tractors and combine worth £6m, and profit is a good rate of 2% on capital, that would leave the inheriting farmer with an annual profit of £120,000 per year, out of which he would have to pay income tax of £50,000...
The obvious disadvantage of setting up a company is that it doesn't save any IHT. If you own a limited company that is worth £6m it gets taxed just as much as if you own a farm worth £6m.
Also, if give the farm to your child then you can't keep working on it or taking profits from it. If you...
And presumably it would be the same if he was protesting about the loss of winter fuel allowance for the poorest pensioners? To be told to butt out, nowt to do with him?
It's the same attitude from the government re. the farmers as it is with the pensioners. The focus is on how to stop Branson...
I'm sure there are various reasons for the second hand market collapsing.
1. If new electric car prices are forced down by government policy, then second hand prices drop as well. It's universal that when new prices of any product drop, the second version becomes less attractive unless its...
If a manufacturer sells too few electric cars then he is fined £15,000 per vehicle. He has to sell electric cars no matter what. If he sells too few electric cars relative to petrol cars, he has to discount the electric ones as a loss leader to avoid swingeing penalties.
For example, if his...
The main reason they are cheaper is that the government (the Tory one, though don't expect Labour to repeal it) introduced a law that said a certain percentage of each manufacturer's sales must be electric, with fines running into thousands per vehicle if they don't. It distorts the market...
Quite a lot of these cottage rentals don't allow car charging. Electricity tends to be included and I presume the car charging bumps up the usage too much.
I'll point out the bleeding obvious again. For anyone earning £9,100 per year or more, the employer's NIC is rising by a flat rate of £615 PLUS 1.2% of the excess over £9,100. I have to use both percentage and flat rate figures because that's how the government has laid out the increase.
And...
No. The living wage is an hourly wage, so even a 16 year old on current minimum wage is subject to the full impact if he/she works 23 hours a week. This charge is aimed at employers of part time workers.
Almost certainly not. The 1.2% rise in the rate is for most companies the lesser of the two rises. It's the lowering of the starting rate, from £9,100 to £5,000, that is the real blow to employment. Any employee on £9,100 or more (ie. part time employees) is hit by an increase, or rather...
This bloke found that working from home was a little less efficient than in the office!
https://www.independent.co.uk/travel/news-and-advice/nats-airport-chaos-password-wfh-b2647651.html
And the girl who recently got a 6 match ban for asking the large bearded lady she was about to play football against, if she was really a woman. If she's frightened of being tackled by a 15 stone female with a beard, she shouldn't be playing women's football.
I know children don't wake up...