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Inheritance tax.
- Thread starter pete01
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Why, who pays it?I dont think we should pay tax at all
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Dunno I only take cash
Strike Two!
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What happens after three? Lol
Three times in a week and you get a ten day ban.
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OMG what about three times in a day?
Don't ask!
Read my post again ?
D
Deleted member 317777
Sorry I was typing and talking. I meant Ambition
There is definitely something visceral about the desire to pass something on to reflect your life's achievements. They say inheritance tax is the most hated tax despite relatively few people paying it.
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Me don't got no peep to leave owt.
Ideas? Serious question. There's enough for dividends to keep her-indoors out of doors - she's that type, while she's fit.
The cost of a care home in a couple of decades' time could be eyewatering but I'm assuming there is/will be enough for that.
Some of her siblings have kids we never see, and that's all.
The capital involved isn't astronomical, a 4 bed detached in London sort of figure covers a good part of it. If/when a person doesn't live in it that becomes available. I mean in round round numbers , 6% divi on £1m is over £1k a week. My mother's Home is about £1.2k iirc.
Ideas? Serious question. There's enough for dividends to keep her-indoors out of doors - she's that type, while she's fit.
The cost of a care home in a couple of decades' time could be eyewatering but I'm assuming there is/will be enough for that.
Some of her siblings have kids we never see, and that's all.
The capital involved isn't astronomical, a 4 bed detached in London sort of figure covers a good part of it. If/when a person doesn't live in it that becomes available. I mean in round round numbers , 6% divi on £1m is over £1k a week. My mother's Home is about £1.2k iirc.
No person normally pays inheritance tax.
The dead person has already gone and won't miss it.
The beneficiary receives the bequest after tax has been paid.
In some circumstances they may get an asset with tax owing, to be paid within a few years, if it was impossible or undesirable to sell the asset to raise cash to pay it
Phew.
