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General UK politics VIII - The Last Tory

Maybe don't post violent threats, targeted at immigrants, holding a gun.

JARDINE
@oJARDINEo
Just had two Terrorist Prevent officers in my living room advising me that I must stop posting things online.
Three days before Christmas!
This is a deliberate attempt to frighten me. It will not work

His posts
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Andy_Ross said:
Maybe don't post violent threats, targeted at immigrants, holding a gun.

JARDINE
@oJARDINEo
Just had two Terrorist Prevent officers in my living room advising me that I must stop posting things online.
Three days before Christmas!
This is a deliberate attempt to frighten me. It will not work

His post


View attachment 67338
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Is that a sawn off shotgun?
 
P.J. Denyer said:
Quite a bit, it's estimated to reduce the tax take by 20%. With the other allowances it was previously figured as about £3m before it actually came in. And they're still getting the 50% discount and ten years to pay.
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But some farmers terminally ill were going to kill themselves before the end of the tax year!
 
Darat said:
But some farmers terminally ill were going to kill themselves before the end of the tax year!
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I wonder if the tax saving would offset the loss of their life insurance payout? Or how many actually had enough assets to be effected? Call me cynical but I don't see Lord Bamford or the Duke of Gloucester reaching for the vodka and sleeping pills.
 
P.J. Denyer said:
What got me was the discussion about it often had the other allowances go unmentioned giving a false impression, rarely mentioned that it was being taxed at half the rate of other people's assets or businesses and almost never mentioned that payment could be made over ten years, unlike the rest of us who have to cough up smartish. I heard a few people who were tenent farmers actually welcome it as it would reduce agricultural land value by making it a less attractive tax dodge and encourage more onto the market allowing them to get a toe in the door but their voices were rarely heard. I also understand that some of the larger landowners were giving their employees paid days off (ie paying them) to protest although they weren't themselves effected.

In this discussion, as with so many about IHT, most of the people who seemed to be speaking against it wouldn't (from their description of their circumstances) have been touched by it, and there was also the suggestion that the whole value would be taxed not just the value above the limit + allowances, you often a hear a similar thing when income tax is discussed, just today I heard a teacher (ffs) saying it would cost her money to work more hours as she'd go up a tax band..
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It's almost like a lot of people don't actually understand many aspects of our tax system...

Seriously, I can recall Carrot Flower Queen (a sometime payroll bod) tearing her hair out trying to explain the basics of income tax bands to folk who should know better (senior medics, trust finance officers, professors of maths, senior council officials), who seemed wilfully incapable of undderstanding.
 
P.J. Denyer said:
What got me was the discussion about it often had the other allowances go unmentioned giving a false impression, rarely mentioned that it was being taxed at half the rate of other people's assets or businesses and almost never mentioned that payment could be made over ten years, unlike the rest of us who have to cough up smartish. I heard a few people who were tenent farmers actually welcome it as it would reduce agricultural land value by making it a less attractive tax dodge and encourage more onto the market allowing them to get a toe in the door but their voices were rarely heard. I also understand that some of the larger landowners were giving their employees paid days off (ie paying them) to protest although they weren't themselves effected.

In this discussion, as with so many about IHT, most of the people who seemed to be speaking against it wouldn't (from their description of their circumstances) have been touched by it, and there was also the suggestion that the whole value would be taxed not just the value above the limit + allowances, you often a hear a similar thing when income tax is discussed, just today I heard a teacher (ffs) saying it would cost her money to work more hours as she'd go up a tax band..
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If designated my geranium potted plant on the windowsill as a "farm", could I also get a reduction in taxes for my property?
 
Jack by the hedge said:
I think they've been fairly smart about trying to defuse this bomb. People might have genuine sympathy for farmers wanting to be able to pass on a million* pound asset untaxed (I mean, what's a viable farm worth, and what does a million buy these days? Joe public surely has no more idea than I do. And if you have to break it up and sell part to keep the rest then is it still viable?) but bump it up to two and a half million and I think sympathy for the little guy is going to be much more limited.

* pace what P.J.D. said about other allowances.
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It'd have been much smarter of them to hammer home that at the £1m threshold very few working farms would be paying IHT on the farmer's death, but that it would impose higher taxes on greedy rentier landlords who impose huge rents on the farmers.
 
www.theguardian.com

Farage criticised for £400,000 job promoting physical gold as pension investment

Exclusive: Reform leader promotes Direct Bullion – but experts say commodity is not for everyday investors
www.theguardian.com www.theguardian.com

Man of the people, that member for Innsmouth!

Salt of the earth!

Absolutely NOT a wealthy, privileged, upper middle class member of The Establishment, no, never!

I mean to say, all of us here in mid-Northumberland are trading in gold and any other precious metals we can lay our hands on (no gags about copper thefts, please!).
 
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