Morning. Just been for a run, I passed Finch Farm on the way. Can’t see the Everton lads enjoying training in that. Feeling good though.
Maybe. But if you were offered a billion quid but had to be 40 stone with permanent man flu for the rest of your life you wouldn’t take it.
Tuesdays for me. Just like being at home, cake, coffee and very little done. but there is a pub over the road that does a takeaway carvery. Think it’s a farmhouse inn chain pub, so gonna fill my boots.
Morning lads. Big day for deliveries. I’m waiting for my new slippers to arrive, along with an electric heater and a general quiz and sports quiz books to keep me and the old man entertained. Feels like Christmas all over again.
I have a question. Does anyone know about tax avoidance and dealing with estates? From what I’ve read the first 325k is tax free but everything after that is taxed at 40%. Is that correct and anyway around that or upping the limit? Also, if someone was to receive say 50k from their parent who was still alive, I’ve read that will also be counted as coming from the estate and will be taken into account to be tax deductible once they’ve passed away. Anyway around that? Thanks Anon.
I don't know the exact figures, but yes there are time limits involved with inheritance and gifting money, property etc. With property I think it's something like 3 or even 5 years before the scrubby tax man can't get his hands on any of it. So if you've an ailing family member who's likely not to be around, you can't just pass on property a year or a few months before they die without getting stung. The limits which I think you're right are around £325k is bullshit, because that's creeping towards the average house price. The limit should be much higher, and should only affect the rich who own property over £1m and can afford to pay the tax. For most people, that money has been hard earned and invested to give their kids some future security.
