Random Irritations

[hambugerpete]

A mate of mine has a pal who looks after the financial affairs of 28 exceptionally wealthy families.
27 of those families have already left this country!

A friend of a friend eh. Sounds like he needs to do a better job

 

[Red devil]

The unfortunate bit about Britain today is that we will 'celebrate' these departures.. 'we dont need them' will be the rhetoric from the chest beaters. But irrespective if you like them or not, we need wealthy to be in the country.

I'm not celebrating their departure and I'm not beating my chest. But I can guarantee that unlike most people, the vast majority of their wealth will be in "tax efficient " countries other than the UK. That's their choice.
I choose to stay in this country and pay for its upkeep

 

[Voyager EMH]

A mate of mine has a pal who looks after the financial affairs of 28 exceptionally wealthy families.
27 of those families have already left this country!

I hope he gets some replacement clients soon.

Maybe some 4-year refugees from USA entertainment industry who will come over and buy a farm or two.

 

[PaulMdj]

The unfortunate bit about Britain today is that we will 'celebrate' these departures.. 'we dont need them' will be the rhetoric from the chest beaters. But irrespective if you like them or not, we need wealthy to be in the country.

it depends on what you want to do.. Plenty of options.. The Caribbean (Branson) or Singapore (Dyson). If it takes your fancy then Dubai, Greece, Portugal, NZ etc. If you have the money, then the world is your oyster (literally)

Surely your posts are contradicting each other? The wealthy living anywhere they choose doesn’t automatically mean we are poorer off for their choice.

It’s them taking their business’s elsewhere that bothers me, were they choose live? That’s almost irrelevant. Look at the farmland Dyson has bought up in the UK.

We have plenty of rich living in this Country whilst not paying tax’s.

 

[IanM]

Some folk on here in danger of confusing mitigation of tax, with paying no tax at all.

 

[Voyager EMH]

Surely your posts are contradicting each other? The wealthy living anywhere they choose doesn’t automatically mean we are poorer off for their choice.

It’s them taking their business’s elsewhere that bothers me, were they choose live? That’s almost irrelevant. Look at the farmland Dyson has bought up in the UK.

We have plenty of rich living in this Country whilst not paying tax’s.

And we have wealthy British business people paying no tax here as well.

Sir Philip Green lives in Monaco.
Flies in to London very early on Monday. Stays in a hotel Mon, Tue and Wed nights. Does a full day on Thursday and flies home.
He is thus overnight in Monaco for 4 nights and in London for 3 nights, although doing 4 working days in London.
This qualifies him as permanently resident in Monaco and pays no UK income tax.
He is a successful British businessman, very wealthy and no stranger to accusations of inappropriate financial arrangements and questionable behaviour.

 

[PaulMdj]

And we have wealthy British business people paying no tax here as well.

Sir Philip Green lives in Monaco.
Flies in to London very early on Monday. Stays in a hotel Mon, Tue and Wed nights. Does a full day on Thursday and flies home.
He is thus overnight in Monaco for 4 nights and in London for 3 nights, although doing 4 working days in London.
This qualifies him as permanently resident in Monaco and pays no UK income tax.
He is a successful British businessman, very wealthy and no stranger to accusations of inappropriate financial arrangements and questionable behaviour.

Exactly, that’s why I don’t see slime’s post as an issue.

 

[Slime]

A friend of a friend eh. Sounds like he needs to do a better job

Why?
He still looks after their financial affairs.

 

[PaulMdj]

Why?
He still looks after their financial affairs.

So creating British jobs from abroad

 

[KenL]

And we have wealthy British business people paying no tax here as well.

Sir Philip Green lives in Monaco.
Flies in to London very early on Monday. Stays in a hotel Mon, Tue and Wed nights. Does a full day on Thursday and flies home.
He is thus overnight in Monaco for 4 nights and in London for 3 nights, although doing 4 working days in London.
This qualifies him as permanently resident in Monaco and pays no UK income tax.
He is a successful British businessman, very wealthy and no stranger to accusations of inappropriate financial arrangements and questionable behaviour.

Wrong in my book.

 

[Slime]

So creating British jobs from abroad

What?

 

[IanM]

And we have wealthy British business people paying no tax here as well.

Sir Philip Green lives in Monaco.
Flies in to London very early on Monday. Stays in a hotel Mon, Tue and Wed nights. Does a full day on Thursday and flies home.
He is thus overnight in Monaco for 4 nights and in London for 3 nights, although doing 4 working days in London.
This qualifies him as permanently resident in Monaco and pays no UK income tax.
He is a successful British businessman, very wealthy and no stranger to accusations of inappropriate financial arrangements and questionable behaviour.

Ah, but he isn't paying "no tax" in the UK, is he?

 

[PaulMdj]

What?

They are employing the mate of a mate, isn’t he paying tax, NI etc?

 

[4LEX]

It won't effect ACTUAL working farmers too much
It will effect people like Clarkson, Dyson and such who have bought massive amounts of land to avoid IHT

So it will claw tax in from the RIGHT type of people IE tax evading self entitled millionaires

Written by someone with the mathematical acumen of Diane Abbot

Anyone that uses farmland to avoid paying IHT should be targetted but the new rules will impact the vast majority of normal working farms.

When you add in property, farm vehicles/equipment, livestock and land almost every farm in the south east would be over the limit.

 

[Voyager EMH]

Ah, but he isn't paying "no tax" in the UK, is he?

True.
And he's helping the airlines and hotel businesses stay solvent.
Some of his money is coming back into the country that way.

 

[PJ87]

Written by someone with the mathematical acumen of Diane Abbot

Anyone that uses farmland to avoid paying IHT should be targetted but the new rules will impact the vast majority of normal working farms.

When you add in property, farm vehicles/equipment, livestock and land almost every farm in the south east would be over the limit.

Ah excellent start with an insult make yourself feel smart. Insecurities must really play on your mind. Poor sausage.

Let's await for the facts and figures rather than yet more speculation from you .. that when your proven wrong you just disappear into the night..

Must be used to being wrong by now it's a daily occurrence

 

[hambugerpete]

Written by someone with the mathematical acumen of Diane Abbot

Anyone that uses farmland to avoid paying IHT should be targetted but the new rules will impact the vast majority of normal working farms.

When you add in property, farm vehicles/equipment, livestock and land almost every farm in the south east would be over the limit.

The info I have read suggest the opposite, up to 500 farms a year potentially

 

[PJ87]

The info I have read suggest the opposite, up to 500 farms a year potentially

Even if "every farm in the se" qualified they won't pass on their farms every single year

Someone's been reading the daily mail too much again

 

[D-S]

Even if "every farm in the se" qualified they won't pass on their farms every single year

Someone's been reading the daily mail too much again

And you can mitigate it easily apparently.

 

[PJ87]

And you can mitigate it easily apparently.

Real farmers seem to have a lot of things they can do towards mitigation which points to clamping down on people who literally bought land to avoid tax