Damn these guys never studied the French revolution did they
SnaggleFish on
But, for sure, it’s the poors who are ruining the country…
londons_explorer on
If this trust really does pay 6% of £9B every decade, I’m fine with that.
And obviously all the rental income from renting out half of westminster will be charged at 45% tax to the government.
However, I have a sneaky feeling that a million loopholes will be used and the total tax bill will be nearly nil.
BigFluff_LittleFluff on
If you have the right amount of money, there are no consequences.
darth-_-homer on
This isn’t news. Wealthy families have been using trusts for years to avoid IHT.
totallyclips on
Fuck the rich, sorry typo, I meant tax the rich or did i
klepto_entropoid on
Please remember this when the council comes after your nan’s bungalow.
InspectionJolly737 on
Given his bank the ol‘ Duke didn’t go down the Jeff Bezos Route. Still, not a bad pull.
MythDetector on
Why are there Dukes in the 21st century? Should be abolished.
MonkeyTips on
Tax dodging billionaires are what’s really wrong with the world.
Express-Doughnut-562 on
So I lived in Chester where the Duke of Westminster owns a tonne of stuff and lives nearby and I’ve met the old duke a few times before he passed away.
I’m pretty chill with these guys having wealth. They are my friends landlord and when he couldn’t work during Covid they just suspended rent. Similar for a local bar; if they couldn’t open they had no rent to pay.
The local kids park was looking a bit overgrown and someone emailed estate asking for help cutting it back. Instead they refurbished and landscaped the whole thing for nothing, and still come back often to keep it tidy.
They do a tonne of charity stuff too – I know they saved local homeless and mental health charities when they were about to hit the wall.
Basically I prefer these guys to have money than, say, Elon musk.
TheNewHobbes on
For comparison, according to the link below, IHT raised a record £5.3billion in 2018/19. So in 2016 £3bn would have been equivalent to about 2/3rds of the total IHT paid by the entire country that year.
They do pay that 10 year charge thing discussed elsewhere, so there are other factors to consider.
13 Kommentare
Damn these guys never studied the French revolution did they
But, for sure, it’s the poors who are ruining the country…
If this trust really does pay 6% of £9B every decade, I’m fine with that.
And obviously all the rental income from renting out half of westminster will be charged at 45% tax to the government.
However, I have a sneaky feeling that a million loopholes will be used and the total tax bill will be nearly nil.
If you have the right amount of money, there are no consequences.
This isn’t news. Wealthy families have been using trusts for years to avoid IHT.
Fuck the rich, sorry typo, I meant tax the rich or did i
Please remember this when the council comes after your nan’s bungalow.
Given his bank the ol‘ Duke didn’t go down the Jeff Bezos Route. Still, not a bad pull.
Why are there Dukes in the 21st century? Should be abolished.
Tax dodging billionaires are what’s really wrong with the world.
So I lived in Chester where the Duke of Westminster owns a tonne of stuff and lives nearby and I’ve met the old duke a few times before he passed away.
I’m pretty chill with these guys having wealth. They are my friends landlord and when he couldn’t work during Covid they just suspended rent. Similar for a local bar; if they couldn’t open they had no rent to pay.
The local kids park was looking a bit overgrown and someone emailed estate asking for help cutting it back. Instead they refurbished and landscaped the whole thing for nothing, and still come back often to keep it tidy.
They do a tonne of charity stuff too – I know they saved local homeless and mental health charities when they were about to hit the wall.
Basically I prefer these guys to have money than, say, Elon musk.
For comparison, according to the link below, IHT raised a record £5.3billion in 2018/19. So in 2016 £3bn would have been equivalent to about 2/3rds of the total IHT paid by the entire country that year.
They do pay that 10 year charge thing discussed elsewhere, so there are other factors to consider.
https://www.pkb.co.uk/news/new-data-reveals-record-high-inheritance-tax-figures/
I will never understand why people defend folks like that