Recent content by blup

I don't oppose the principal of redistribution of wealth through tax, although historically many tax hikes and new forms of tax have been to fund wars. But a single home family should be able to pass that on to their kids

Just look at house prices in the south east and other hot spots,. Plenty of property well over £325k, and in many cases over a million. People who worked hard to own their home should be able to pass it on to their kids. People are getting wealthier, that number will shoot up. Income tax is a...

There is an argument for ending it altogether, the super rich have all sorts of ways to avoid it with complex trusts on and off shore. For joe bloggs the £325k threshold is low, so maybe exempt the family home. It seems wrong to tax death when people have already paid tax on money invested into...

I would use something metal with as low a profile as practicable, that can be firmly fixed to the floor to minimise it being kicked out of place again.

Her late Majesty did a deal with inland revenue after the Windsor castle fire iirc, and Charles now pays income tax, but not IHT on what he inherited. It's not a system you start with from scratch, but what's the point of the royal family if they work out of a portakabin?

The hard work of their parents or other relatives, why should that be taxed again?

Its not ungenerous but its worth more in grimsby than godalming. Why should people who have worked hard all their (hopefully) long life have to pay out so much because they are lucky enough to live in an area where property prices have gone up. Your kids might be at a disadvantage because their...

It was george osborne that brought it in, it was on a sliding scale up to a million ( 2 x 500 k ) and that threshold was reached a few years back

Don't assume its lack of ventilation, you may only need to replace the rotted boards and joists and keep an eye on them. That might be worth doing that before ripping out the living room floor (or kitchen floor to ventilate side to side). Check the entire kitchen floor is solid, sometimes its...

Has the torey record on immigration swayed you?

Exactly its is a tax on dying, one that the wealthy with access to tax advisers easily circumvent.

Not everyone is a family

Yes, up to a million where it passes from spouse to spouse to children, but not if you are unmarried without children

You certainly have paid some or all of those taxes to get there.

Exclude the main family home from IHT then.