Bluff and bluster fails.

[MNW67]

I read that article also

So, working from basic legal principles, how do you think Sir Keir has saved or avoided tax.

 

[Deleted member 317777]

So, working from basic legal principles, how do you think Sir Keir has saved or avoided tax.

You’re a low key bully.

 

[motorbiking]

So, working from basic legal principles, how do you think Sir Keir has saved or avoided tax.

The point is he denied creating a trust:

According to The Sunday Times, he put the field into a trust, with his parents as beneficiaries, while legal title remained with him. That structure means the field would be excluded from their estates for inheritance tax (IHT) when they died. When his parents passed away, the trust apparently dissolved, and the land reverted to Starmer. He sold it in 2022 (or disposed of it) for roughly £295,000.

Smells of something more than donkey poo.

 

[MNW67]

You’re a low key bully.

By asking a poster who claims huge legal knowledge to explain the basics of his multifarious unverified legal claims?

How did the PM "dodge" inheritance tax. That is all I want to understand.

I. wonder why JohnD hasn't shared the story about the politician who dodged inheritance tax?

 

[Deleted member 317777]

By asking a poster who claims huge legal knowledge to explain the basics of his multifarious unverified legal claims

It’s your relentless hounding of Mbk, good job he’s only playing.

But you seriously have an issue with him!

 

[Deleted member 317777]

How did the PM "dodge" inheritance tax. That is all I want to understand

It’s been answered, even I understand it

 

[MNW67]

According to The Sunday Times, he put the field into a trust, with his parents as beneficiaries, while legal title remained with him. That structure means the field would be excluded from their estates for inheritance tax (IHT) when they died. When his parents passed away, the trust apparently dissolved, and the land reverted to Starmer. He sold it in 2022 (or disposed of it) for roughly £295,000.

You are missing the point. Probably intentionally. He had two choices. Keep full ownership himself and just let his parents "use" the field. Or put it into a life interest trust for them during their lifetimes. Either way, the tax payable seems to be exactly the same.

 

[noseall]

By asking a poster who claims huge legal knowledge to explain the basics of his multifarious unverified legal claims?

How did the PM "dodge" inheritance tax. That is all I want to understand.

Are you new here?

 

[noseall]

You are missing the point. Probably intentionally.

Ahh, not so new.

 

[motorbiking]

It’s been answered, even I understand it

It has..

You are missing the point. Probably intentionally. He had two choices. Keep full ownership himself and just let his parents "use" the field. Or put it into a life interest trust for them during their lifetimes. Either way, the tax payable seems to be exactly the same.

something he denied doing.

Mum - here is a gift of a field.
After your death - its my field.

Now

So, working from basic legal principles,

what would you call that structure?

 

[MNW67]

It’s your relentless hounding of Mbk, good job he’s only playing.

But you seriously have an issue with him!

My only issue is that MBK is a total bullsh1tter who tries to con people into believing his legal nonsense. And I am more than happy to call him out with simple questions. He can't bullsh1t me.

 

[MNW67]

what would you call that structure?

You deflect yet again. You just can't help yourself.

You originally claimed that he had "dodged" inheritance tax. But you have now realised that you can't show how. So, now you are trying to move onto a totally different question.

 

[motorbiking]

You deflect yet again. You just can't help yourself.

You originally claimed that he had "dodged" inheritance tax. But you have now realised that you can't show how. So, now you are trying to move onto a totally different question.

that is the story running in the press.

My only issue is that MBK is a total bullsh1tter who tries to con people into believing his legal nonsense. And I am more than happy to call him out with simple questions. He can't bullsh1t me.

righto.

 

[Deleted member 317777]

You deflect yet again. You just can't help yourself.

You originally claimed that he had "dodged" inheritance tax. But you have now realised that you can't show how. So, now you are trying to move onto a totally different question.

He has avoided IHT

 

[MNW67]

He has avoided IHT

Maybe you can explain it better than MBK can.

If Sir Keir had kept full ownership there would have been no IHT. If he had put it into a life interest trust, there would have been no IHT. There was simply no IHT advantage to doing it the way he is accused of doing it, as far as I can see. Certainly not as regards IHT. Which is why I originally asked if it might be about other taxes like CGT.