Andy Burnham’s chronicles
Yesterday, 22:13
|
#91
|
|
Dr Pepper Addict
Cable Forum Admin
Join Date: Oct 2003
Location: Nottingham
Age: 63
Services: IDNet & YouFibre FTTP, Sky Q TV, Sky Mobile, Flextel SIP
Posts: 30,940
|
Re: Andy Burnham’s chronicles
So you would be "forced" to sell a £550k house, to pay £20k.
Meaning you would then be left with £530k in your bank account ?
Hmmm, Yeah, I can see how terrible that would be.
__________________
 Baby, I was born this way.
|
|
|
|
Today, 05:13
|
#92
|
|
cf.mega poster
Join Date: Jan 2008
Posts: 11,121
|
Re: Andy Burnham’s chronicles
Quote:
Originally Posted by Paul
So you would be "forced" to sell a £550k house, to pay £20k.
Meaning you would then be left with £530k in your bank account ?
Hmmm, Yeah, I can see how terrible that would be.
|
Exactly. Giving £20,000 back to society in return for a £550,000 gift is a problem i'd be happy to face everyday!
---------- Post added at 06:13 ---------- Previous post was at 06:12 ----------
Quote:
Originally Posted by jem
Spouses yes, they are exempt for CGT on a property, children not so.
|
They aren't exempt, but they receive a higher allowance as noted by Dingbat.
|
|
|
|
|
Today, 07:12
|
#93
|
|
vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 15,325
|
Re: Andy Burnham’s chronicles
Quote:
Originally Posted by RichardCoulter
Exactly. Giving £20,000 back to society in return for a £550,000 gift is a problem i'd be happy to face everyday!
---------- Post added at 06:13 ---------- Previous post was at 06:12 ----------
They aren't exempt, but they receive a higher allowance as noted by Dingbat.
|
did society help to pay to buy the house or does it just want the gravy
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
|
|
|
|
|
Today, 08:17
|
#94
|
|
cf.mega poster
Join Date: Sep 2007
Location: warrington
Age: 40
Services: Tivo, 100mb, Mobile
Posts: 1,589
|
Re: Andy Burnham’s chronicles
Quote:
Originally Posted by Paul
So you would be "forced" to sell a £550k house, to pay £20k.
Meaning you would then be left with £530k in your bank account ?
Hmmm, Yeah, I can see how terrible that would be.
|
No because by the time the HMRC etc have added all the fines, penalties and fees etc that they would add, because "selling the house would be the last resort" the value left could be nothing, they could take all of it.
---------- Post added at 09:17 ---------- Previous post was at 09:15 ----------
Quote:
Originally Posted by RichardCoulter
Exactly. Giving £20,000 back to society in return for a £550,000 gift is a problem i'd be happy to face everyday!
---------- Post added at 06:13 ---------- Previous post was at 06:12 ----------
They aren't exempt, but they receive a higher allowance as noted by Dingbat.
|
I am sorry but if society didn't help to pay for it, society don't have a claim to it and if the child of a parent helped to pay for it, why should they also have to pay inheritance tax on something they helped to pay for?
__________________
 7900X3D, 64Gb Corsair 6000Mhz, Gigabyte Aorus RTX 4080 Super, Samsung 980 Pro 2Tb NVME
Unraid Server, 130TB Supermicro CSE-846, AMD Epyc 7551P 32 Core, 64Gb ECC DDR4, nVidia RTX A2000
|
|
|
|
Today, 12:11
|
#95
|
|
067
Join Date: Jul 2007
Location: Middlesbrough
Age: 50
Services: Many
Posts: 5,107
|
Re: Andy Burnham’s chronicles
Quote:
Originally Posted by papa smurf
did society help to pay to buy the house or does it just want the gravy
|
They want the gravy when you’re buying the house…… and I don’t think they help with that either…..
__________________
Nerves of steel, heart of gold, knob of butter......
|
|
|
|
|
Today, 12:21
|
#96
|
|
cf.mega poster
Join Date: Dec 2013
Posts: 15,826
|
Re: Andy Burnham’s chronicles
Quote:
Originally Posted by mrmistoffelees
They want the gravy when you’re buying the house…… and I don’t think they help with that either…..
|
Or buying anything else that has VAT or excise charges on it.
|
|
|
|
|
Today, 13:26
|
#97
|
|
cf.mega poster
Join Date: Jan 2008
Posts: 11,121
|
Re: Andy Burnham’s chronicles
Society doesn't help with the work required to earn a wage, but tax is levied on the salary. Nobody likes paying tax, but governments need it in order to run public services.
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT. The time now is 14:46.
|
Join CF
You are here: 
