Inheritance tax.

[pete01]

If I had received any inheritance or gift, I wouldn't see that as being in any way attributable to "my success".

Give it all to charity would you?

 

[Highway Man]

If I had received any inheritance or gift, I wouldn't see that as being in any way attributable to "my success".

For god sake. How on earth can you pick a negative on something as positive as being left a gift.

 

[Deleted member 317777]

I'm paying well into that bracket, and that is on salary.

My wife and I both pay well into, we have for a while.

You seem to be avoiding a straight answer. Is IHT at 40% acceptable ?

 

[Brigadier]

Give it all to charity would you?

I wouldn't claim it to be down to my success or graft.


I already have standing orders to a number of charities - underprivileged students at my old uni, if you must know, being one - so I give to charity from my earned-and-taxed income already.

 

[Deleted member 317777]

For god sake. How on earth can you pick a negative on something as positive as being left a gift.

He’s just avoiding giving me a proper answer.

It’s ok, I’m used to the GD now.

I’m always wrong, it’s how it is. Lol

 

[Deleted member 317777]

I wouldn't claim it to be down to my success or graft.


I already have standing orders to a number of charities - underprivileged students at my old uni, if you must know, being one - so I give to charity from my earned-and-taxed income already.

But if your parents left you 2 million, you’d be happy to give away at least 400k ?

And when you pass it on, even more gets taxed. Ok

 

[Brigadier]

You seem to be avoiding a straight answer. Is IHT at 40% acceptable ?

I honestly haven't given it much thought, and I won't.

But, given what I have previously posted re: "success", I would say that yes, it is acceptable.

Unless you think that money you got through no effort should be taxed at a lower rate than money that you grafted for.

 

[Brigadier]

But if your parents left you 2 million, you’d be happy to give away at least 400k ?

And when you pass it on, even more gets taxed. Ok

I'd still have over £1.5 million, so that would not be a hardship.

 

[Deleted member 317777]

I honestly haven't given it much thought, and I won't.

But, given what I have previously posted re: "success", I would say that yes, it is acceptable.

Unless you think that money you got through no effort should be taxed at a lower rate than money that you grafted for.

It’s not the same though is it.

But I know where you stand.

I imagine it would be different if you had a large IHT bill looming

 

[Deleted member 317777]

I'd still have over £1.5 million, so that would not be a hardship.

Ok.

 

[Brigadier]

For god sake. How on earth can you pick a negative on something as positive as being left a gift.

How do you see me telling a truth as "picking a negative"?

 

[Brigadier]

It’s not the same though is it.

No: one you worked for and one, you didn't.

If anything, worked for income ought to be taxed at a lower rate than unearned income, as my unconsidered opinion.

But I know where you stand.

Good; my intention was to post in a clear fashion.
I'm glad that I achieved that goal.

I imagine it would be different if you had a large IHT bill looming

Imagine away.
I'm quite phlegmatic when it comes to money: it comes and it goes.
I certainly don't covet a load of numbers on a screen, or a statement.

 

[Brigadier]

Ok.

That I had put no effort into having.

Like a Lottery win.

 

[pete01]

I wouldn't claim it to be down to my success or graft.

I'm the same, my uncle gave me 5k years ago, I bought a car, I had a sign put on top saying I didn't buy this car.....I felt much better.

 

[Brigadier]

I'm the same, my uncle gave me 5k years ago,

Good for you

I had a sign put on top saying I didn't buy this car.

No you didn't