
Rick 🍉
892 posts


@DanNeidle So lack of evidence for rationale behind a payment works in favour of beneficiary as to whether tax is due?
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And if you want to be annoyed by other takes that don't say what you hope they will, you can follow me here, or subscribe for free updates here: taxpolicy.org.uk/subscribe
It's a non-taxable gift.
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@JuliaHB1 Freedom of Information Act request forced the hospital – after months of avoidance – to admit that it did not received a single complaint from Jewish patients. Hundreds of complaints were made about the removal of the artwork, but it has still not been restored.
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@BigleftyRick Hospitals aren't appropriate places for highly politicised artwork. The decision to use artwork by Gazan children can't be seen as anything but political point scoring. You can choose not to go to the Nova exhibition but a patient can't choose not to see that artwork in hospital.
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@moving_charlie The executor can make the decision to withhold to protect themselves before the tax bill is finalised.
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@DaleJohnsonBBC @AnnieEaves @PierslandKillie Shoulder of the attacker forces the elbow of defender up hence hand on forehead. Not unnaturally bigger and clearly accidental, so no handball?
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@AnnieEaves @PierslandKillie I'll sorry but this is stupid.
If I'd said "this proves it was handball" I'd understand.
But I haven't.
It was an off-the-cuff reply.
You've completely misread this.
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I'm not convinced that hits the boy's hand and not his head. How Beaton and Dallas can tell from that one angle I'll never know?
If there's other angles which show it clear then fair enough, but in absence of that then there's no clear evidence for a VAR award? @DaleJohnsonBBC
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So @owenjonesjourno, thoughts? Coz you’ve been banging on about atrocity deniers being freaks while promulgating your apparent bestial fantasy of Jews training dogs to…rape people 😅
Batya Ungar-Sargon@bungarsargon
"Heads were decapitated. Pelvic bones shattered. Even after death, sexual assault continued. A grotesque, medieval obsession with sexual organs pervaded the crime scenes at the Nova Festival and in the Kibbutzim near Gaza."
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@DanNeidle Have you considered if he's good at spending efficiently?
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Help me understand something. If a Californian wealth tax would cost Brin $15bn/year, why is he only spending $57m to campaign against it?
(I'm not asking about the policy, or the morality, just why he's spending so little)
Bernie Sanders@BernieSanders
Google founder Sergey Brin's wealth has DOUBLED to $311 billion since Trump's election. Now he’s spending $57M to oppose a 5% billionaires' wealth tax in California. He’d rather millions lose healthcare than pay his fair share in taxes. This kind of arrogance is unacceptable.
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@CreativeDeduct the effect of tax & benefit reforms from 2010–25 has been to reduce incomes of the bottom 40% and the top 10% of households, and increase incomes in between. The poorest 20% of households have lost an average of 10% of income, while the richest tenth have lost 1.7% of income.
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I'm so tired of this gaslighting. Britain has one of the most progressive taxation regimes in the OECD. Taxes keep going up for high earners and down for everyone else. The UK raises more revenue from wealth and wealth-related taxes as a share of GDP than any other OECD economy.

Saul Staniforth@SaulStaniforth
Natasha Devon: "We seem to be caught in this endless conversation about military versus welfare state. No-one's asking whether we could perhaps tax wealthy people or tax assets a bit more"
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@BigleftyRick @nav7634 @moving_charlie Yes if you die in a car crash, but as I said if you gift seven years before you die or there are other shorter but more expensive strategies then you don't pay it. What you printed here doesn't contradict what I said. With trusts you end up paying as if everyone dies with no plan
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@BigleftyRick @nav7634 @moving_charlie Zero evidence, apart from everything you have written.
All the best.
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@ZenWayof @nav7634 @moving_charlie How does a proposed 1/2% wealth tax = all their money.
Let’s deal in reality.
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@BigleftyRick @nav7634 @moving_charlie big government requires money, lots of it. There aren't enough ultra wealthy people to fund that and even if you took all their money it would last a very short time then what do you do? i do think we should be taxed less of our income but that only happens with a smaller govt...
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@john51885 @nav7634 @moving_charlie You have zero evidence that I have misunderstood anything about inheritance tax.
In fact I have had to correct you on when cgt applies.
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@BigleftyRick @nav7634 @moving_charlie Perfect, so why do you keep repeating the same thing as if you have no idea.
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@ZenWayof @nav7634 @moving_charlie Where I agree with you is on the ludicrous govt contracts that are given out.
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@BigleftyRick @nav7634 @moving_charlie changing these things would have a minimal impact on taxes collected. Want to really make a change? the only way to do it is reduce the size and scale of government so they need less of our money to function. But people like Gary want more government which requires more money.
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@john51885 @nav7634 @moving_charlie I know these rules very well. As I’m fortunate to expect an inheritance.
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@BigleftyRick @nav7634 @moving_charlie Last year I was gifted a large property in the UK, we have insurance for the IHT and it tails off so if the person dies in 5 years it's I think 10% rather than 40% so it's not a binary on a 7 years. You can google or chatgpt what I'm saying.
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@BigleftyRick @nav7634 @moving_charlie "if you can predict exactly when everyone in your family dies" - No need.
"gifting properties triggers cgt outside of main home." - No it doesn't.
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@thetimepls @john51885 @nav7634 @moving_charlie Either you’re a bot or in need of therapy.
Good luck!
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@john51885 @nav7634 @moving_charlie Read what I said again. I literally said you can avoid inheritance tax .
I then said a regular person can’t avoid cgt.
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@BigleftyRick @nav7634 @moving_charlie No, again you are wrong.
You can completely avoid any inheritance tax by gifting anything and it becomes a PET ( Potentially Exempt Transfer ) as long as you do it seven years before you die. There are other strategies also.
So you don't need to time it, just plan it.
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@moving_charlie @SamBrowning27 @nav7634 The trust avoids inheritance tax.
Yes it pays a periodic tax but due to compounding that tax in £ is far far less.
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@john51885 @nav7634 @moving_charlie Theoretically if you can predict exactly when everyone in your family dies you can avoid inheritance tax.
However gifting properties triggers cgt outside of main home.
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@BigleftyRick @nav7634 @moving_charlie No, because trusts have much less relief than a regular person and a trust could last for any amount of time whereas a person dies once and they can gift property to their children and avoid any tax but a trust can't. Trusts do not save people tax.
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@SamBrowning27 @nav7634 @moving_charlie A key benefit of trusts is tax avoidance.
You are getting confused with tax evasion.
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@BigleftyRick @nav7634 @moving_charlie They use a trust so the assets go to the people they're intended for. It is a hereditary title after all. All trust income is taxed at the additional rate, so no tax is being avoided.
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