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By Earl Aelfheah · Posted
Because land has been exempt from inheritance tax wealthy individuals (like Clarkson and Dyson) have used it as a tax avoidance measure. Clarkson is on the record stating that he bought land for precisely this purpose. It is people like him who farmers should be angry with, if anyone, because they have exploited a loophole, which is now being (partially) closed. Yes, I do grasp the concept of inheritance - it's were one is given money, or valuable assets by chance of birth (having done nothing to earn it). As money you have earned, is taxed, it seems odd that money you have not, shouldn't be. I assume you don't disapprove of income tax? Why do you think people coming into a massive, unearned windfall shouldn't pay tax, but a nurse who works hard for everything they earn, should? Everyone has to pay inheritance tax over a certain threshold. In my opinion, if you are fortunate enough to be gifted any amount of money (whether cash, or a valuable asset), to quibble about paying some tax on some of it, seems rather entitled. Most farms worth under £3m will still end up being passed on tax free. Those that do have to a pay inheritance tax will do so at just 20% on that part of it that is over the threshold (rather than the standard 40%), and they'll have 10 years to do so (usually it is payable immediately). So it is still preferential terms for those being gifted a multimillion pound estate. -
By EDResident2018 · Posted
Ah yes, good spot! Thanks for the link. It sounds like they are planning a licensed restaurant with a small bar from reading through the application. -
By OutOfFocus · Posted
I think your ISP has jumped the gun - told you about a change that isn't quite here. I agree with suggestion of https://www.aa.net.uk/ - i have been with them since ADSL was invented and found them helpful. -
I’m younger than you but have received a couple of cheques in the past year or so. And also written one out. Depositing a cheque is actually less of a faff then setting up a new payee or sharing your details. Just open the app, go the section to deposit money and take a picture of the cheque.
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