| This rumoured Death Tax 18:45 - Jul 30 with 6658 views | max936 |
What's that all about, we're just working to pay tax they're taking most of it through taxes Income Tax, NI, Taxing most of the things we buy etc. interest on savings/investments and now whatever this Death Tax is.
This is Burnham who come in wanting to put more money in our pockets, he's another of these clueless lying buffoon's that we've had.
Millionaires leaving the country in their droves, they know what's coming without doubt.  |  | | |  |
| This rumoured Death Tax on 11:23 - Jul 31 with 2103 views | Wingstandwood |
| This rumoured Death Tax on 11:19 - Jul 31 by Joesus_Of_Narbereth |
Inheritance tax is already up there with the cruelest and most inhumane of all the governments attempts to squeeze people for their cash until the pips squeak. Imposing it on everyone, on every death is just pure unadulterated evil. |
And imo (and I guess many other also?) 10% would be just the start with this lot in charge! [Post edited 31 Jul 11:24]
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| This rumoured Death Tax on 12:42 - Jul 31 with 2032 views | onehunglow |
| This rumoured Death Tax on 09:25 - Jul 31 by sons_of_omri |
We should all give everything that we have to the government when we die so they can continue to allow the large corporations and billionaires to pay less. Because we don’t want all the billionaires to leave the uk and never come back do we like they obviously would at the drop of a hat if we dared to ask them for more of a contribution to enable us better infrastructure, health care, social care and affordable housing. I mean where WOULD we be without them???????
The answer is simple yet they have such wealth they can get the newspapers to justify their wealth and comfort over everyone else’s. And demonise the husband and wife who work all the hours but still need state help to make ends meet. Get disabled people or terminally ill people into work for peanuts.
We’ve seriously lost our way as a country. |
So true
I’m buying yet another new car
I aim to leave as little as possible I don’t want fund plebs having tattooed arms and pierced snouts |  |
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| This rumoured Death Tax on 13:55 - Jul 31 with 2012 views | Joesus_Of_Narbereth |
| This rumoured Death Tax on 12:42 - Jul 31 by onehunglow |
So true
I’m buying yet another new car
I aim to leave as little as possible I don’t want fund plebs having tattooed arms and pierced snouts |
Imagine going through the long painful illness and decline of a parent, you have to watch them slip away. You’re grieving, in pain. You have to organise and pay for a funeral and god knows what else. Then a lovely letter drops on your doormat from HMRC demanding ten thousand pounds.
A literal tax on death. It is pure tyranny. |  |
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| This rumoured Death Tax on 14:10 - Jul 31 with 1991 views | onehunglow |
| This rumoured Death Tax on 13:55 - Jul 31 by Joesus_Of_Narbereth |
Imagine going through the long painful illness and decline of a parent, you have to watch them slip away. You’re grieving, in pain. You have to organise and pay for a funeral and god knows what else. Then a lovely letter drops on your doormat from HMRC demanding ten thousand pounds.
A literal tax on death. It is pure tyranny. |
I was executor of father in law will
First letter from
HMRC
When wife’s ma died , they were very interested in her care and subsequently her death and what she had left
We shyt on the very people who define this country
Shameful | |
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| This rumoured Death Tax on 16:46 - Jul 31 with 1945 views | Wingstandwood |
| This rumoured Death Tax on 14:10 - Jul 31 by onehunglow |
I was executor of father in law will
First letter from
HMRC
When wife’s ma died , they were very interested in her care and subsequently her death and what she had left
We shyt on the very people who define this country
Shameful |
My own family has experienced it also e.g. having to state 'gifts' given by a loved one in the seven year time span prior to death. The solicitor gives the executors a declaration form to fill in for that. Talk about Orwellian 'Big Brother' stuff when it comes to a deceased persons financial information and estate.
All savings accounts/investments must be declared also, along with property(s) value that requires valuation from (that costs, and isn’t free!) two separate providers. And don’t forget to fill in that additional HRMC P1000 form folks!!!
There is no point withholding information, because HRMC know everything with the banks/building societies/financial service providers having to comply with strict adherence to government rules.
Yep! HRMC is in a position to get its hands on seven years of previous bank statements. Nothing is ‘private’ in this day and age!!!
And there is the new HRMC connect system that sure does invade privacy like never before. A case of knowing personal/private information from UK government databases e.g. Land Registry, Companies House, Department for Work and Pensions (DWP) and aforementioned banks and financial institutions.
Add to that data from OECD partner countries on offshore bank accounts held by British taxpayers. To make matters even more surreal there is HRMC access to social and e-commerce data e.g. Airbnb, Etsy, eBay, Amazon, Zoopla users’ transactions. | |
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| This rumoured Death Tax on 22:42 - Jul 31 with 1884 views | max936 |
| This rumoured Death Tax on 16:46 - Jul 31 by Wingstandwood |
My own family has experienced it also e.g. having to state 'gifts' given by a loved one in the seven year time span prior to death. The solicitor gives the executors a declaration form to fill in for that. Talk about Orwellian 'Big Brother' stuff when it comes to a deceased persons financial information and estate.
All savings accounts/investments must be declared also, along with property(s) value that requires valuation from (that costs, and isn’t free!) two separate providers. And don’t forget to fill in that additional HRMC P1000 form folks!!!
There is no point withholding information, because HRMC know everything with the banks/building societies/financial service providers having to comply with strict adherence to government rules.
Yep! HRMC is in a position to get its hands on seven years of previous bank statements. Nothing is ‘private’ in this day and age!!!
And there is the new HRMC connect system that sure does invade privacy like never before. A case of knowing personal/private information from UK government databases e.g. Land Registry, Companies House, Department for Work and Pensions (DWP) and aforementioned banks and financial institutions.
Add to that data from OECD partner countries on offshore bank accounts held by British taxpayers. To make matters even more surreal there is HRMC access to social and e-commerce data e.g. Airbnb, Etsy, eBay, Amazon, Zoopla users’ transactions. |
I want to put the house in trust for my eldest, thinking of looking into things with a solicitor, but if we want to downsize, I wonder as to where we stand if house is in trust. | | | |
| This rumoured Death Tax on 22:43 - Jul 31 with 1884 views | max936 |
| This rumoured Death Tax on 16:46 - Jul 31 by Wingstandwood |
My own family has experienced it also e.g. having to state 'gifts' given by a loved one in the seven year time span prior to death. The solicitor gives the executors a declaration form to fill in for that. Talk about Orwellian 'Big Brother' stuff when it comes to a deceased persons financial information and estate.
All savings accounts/investments must be declared also, along with property(s) value that requires valuation from (that costs, and isn’t free!) two separate providers. And don’t forget to fill in that additional HRMC P1000 form folks!!!
There is no point withholding information, because HRMC know everything with the banks/building societies/financial service providers having to comply with strict adherence to government rules.
Yep! HRMC is in a position to get its hands on seven years of previous bank statements. Nothing is ‘private’ in this day and age!!!
And there is the new HRMC connect system that sure does invade privacy like never before. A case of knowing personal/private information from UK government databases e.g. Land Registry, Companies House, Department for Work and Pensions (DWP) and aforementioned banks and financial institutions.
Add to that data from OECD partner countries on offshore bank accounts held by British taxpayers. To make matters even more surreal there is HRMC access to social and e-commerce data e.g. Airbnb, Etsy, eBay, Amazon, Zoopla users’ transactions. |
oops double post. [Post edited 31 Jul 23:42]
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| This rumoured Death Tax on 10:30 - Aug 1 with 1821 views | union_jack |
| This rumoured Death Tax on 22:42 - Jul 31 by max936 |
I want to put the house in trust for my eldest, thinking of looking into things with a solicitor, but if we want to downsize, I wonder as to where we stand if house is in trust. |
Depends on the type of trust I believe but ordinarily you’d need the agreement of all trustees. If the trust means that the trustees own the house then if they agree, they will need to sell the house as it’s in their name and purchase another one for you to live in. You’ll need to have a lifetime interest in the property I believe. You’d need to read the trust instrument. Better still, speak to a lawyer not barrack room versions (no offence to anyone) on here, including myself! |  |
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| This rumoured Death Tax on 10:37 - Aug 1 with 1816 views | max936 |
| This rumoured Death Tax on 10:30 - Aug 1 by union_jack |
Depends on the type of trust I believe but ordinarily you’d need the agreement of all trustees. If the trust means that the trustees own the house then if they agree, they will need to sell the house as it’s in their name and purchase another one for you to live in. You’ll need to have a lifetime interest in the property I believe. You’d need to read the trust instrument. Better still, speak to a lawyer not barrack room versions (no offence to anyone) on here, including myself! |
Cheers Uni, basically I'm just chatting here, but yes I'll look into the legalities, bit early yet I suppose I'm hoping to survive a few more years yet  | | | |
| This rumoured Death Tax on 12:22 - Aug 1 with 1792 views | Wingstandwood |
| This rumoured Death Tax on 10:37 - Aug 1 by max936 |
Cheers Uni, basically I'm just chatting here, but yes I'll look into the legalities, bit early yet I suppose I'm hoping to survive a few more years yet |
Before any solicitor proceeds get a quote of how much it'll cost!
Solicitors sure are expensive in certain circumstances. I have got my hands on some past household paperwork and under the heading 'To obtaining Grant of Probate and Administration of the estate' it says (regarding wills/probate).... QUOTE: "Based on the information provided to date we estimate that our fees will be in the region of £6,200 to £6,800 plus VAT of 20% (£7,440.00 to £8,160.00 inclusive of VAT). This is not intended to be fixed' END OF QUOTE
Also be wary that solicitors charge for time spent on a process/action even if it belongs in minor/minimal time consuming category, that many would naturally assume to be free of charge....
QUOTE: "Our charges are based on the time spent dealing with the matter, This includes time spent in meetings with you and others, considering, preparing and working on documents, corresponding by email or post, and making or receiving telephone calls. END OF QUOTE | |
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| This rumoured Death Tax on 12:43 - Aug 1 with 1767 views | onehunglow |
| This rumoured Death Tax on 12:22 - Aug 1 by Wingstandwood |
Before any solicitor proceeds get a quote of how much it'll cost!
Solicitors sure are expensive in certain circumstances. I have got my hands on some past household paperwork and under the heading 'To obtaining Grant of Probate and Administration of the estate' it says (regarding wills/probate).... QUOTE: "Based on the information provided to date we estimate that our fees will be in the region of £6,200 to £6,800 plus VAT of 20% (£7,440.00 to £8,160.00 inclusive of VAT). This is not intended to be fixed' END OF QUOTE
Also be wary that solicitors charge for time spent on a process/action even if it belongs in minor/minimal time consuming category, that many would naturally assume to be free of charge....
QUOTE: "Our charges are based on the time spent dealing with the matter, This includes time spent in meetings with you and others, considering, preparing and working on documents, corresponding by email or post, and making or receiving telephone calls. END OF QUOTE |
Lawyers eh
Not keen myself
Recently we changed executships on our wills after reading Martin Lewis say what their fees would be pro rata of the estate
We fecked them off as most should unless your life is complicated
A profession that is needed but should never be trusted implicitory | |
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| This rumoured Death Tax on 13:28 - Aug 1 with 1763 views | Wingstandwood |
| This rumoured Death Tax on 12:43 - Aug 1 by onehunglow |
Lawyers eh
Not keen myself
Recently we changed executships on our wills after reading Martin Lewis say what their fees would be pro rata of the estate
We fecked them off as most should unless your life is complicated
A profession that is needed but should never be trusted implicitory |
My sister had personal dealings with a 'right one' many years back, he just loved providing updates of progress via a 'solicitors letter', along with sending out other letters requesting extra information/documentation to be sent to the office..... and didn't he arf love sending these letters out, the cost soon ended up with additional costs involving hundreds of pounds.
The funny thing is, it would have been better if he had asked my sister to just call into the office for a quick one-to-one chat every now and then, But of course doing things that way would take only a minute or two and cannot be exploited to make a load of easy money. | |
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| This rumoured Death Tax on 13:50 - Aug 1 with 1757 views | max936 |
| This rumoured Death Tax on 12:22 - Aug 1 by Wingstandwood |
Before any solicitor proceeds get a quote of how much it'll cost!
Solicitors sure are expensive in certain circumstances. I have got my hands on some past household paperwork and under the heading 'To obtaining Grant of Probate and Administration of the estate' it says (regarding wills/probate).... QUOTE: "Based on the information provided to date we estimate that our fees will be in the region of £6,200 to £6,800 plus VAT of 20% (£7,440.00 to £8,160.00 inclusive of VAT). This is not intended to be fixed' END OF QUOTE
Also be wary that solicitors charge for time spent on a process/action even if it belongs in minor/minimal time consuming category, that many would naturally assume to be free of charge....
QUOTE: "Our charges are based on the time spent dealing with the matter, This includes time spent in meetings with you and others, considering, preparing and working on documents, corresponding by email or post, and making or receiving telephone calls. END OF QUOTE |
My brother did the probate for parents estate, Solicitor did the finals, but the cost wasn't excessive iirc.
We had a quote off a company and the highest cost we had was over 18k plus vat, they were soon kicked into touch | | | |
| This rumoured Death Tax on 14:37 - Aug 1 with 1745 views | Wingstandwood |
| This rumoured Death Tax on 13:50 - Aug 1 by max936 |
My brother did the probate for parents estate, Solicitor did the finals, but the cost wasn't excessive iirc.
We had a quote off a company and the highest cost we had was over 18k plus vat, they were soon kicked into touch |
That 18K plus vat estimate is no surprise, I think many (obviously not yourself) underestimate what some are prepared to charge.
Another thing where people get a surprise is the way that they think that they are too insignificant and too small-fry to be of any interest of the HRMC, many think that the HRMC is only interested in the big fish of big business and Oligarch-wealth sum types etc. However the HRMC is extremely interested in Joe Bloggs and the general public. | |
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| This rumoured Death Tax on 09:04 - Aug 2 with 1647 views | onehunglow |
| This rumoured Death Tax on 13:28 - Aug 1 by Wingstandwood |
My sister had personal dealings with a 'right one' many years back, he just loved providing updates of progress via a 'solicitors letter', along with sending out other letters requesting extra information/documentation to be sent to the office..... and didn't he arf love sending these letters out, the cost soon ended up with additional costs involving hundreds of pounds.
The funny thing is, it would have been better if he had asked my sister to just call into the office for a quick one-to-one chat every now and then, But of course doing things that way would take only a minute or two and cannot be exploited to make a load of easy money. |
As regards my wife’s mum estate , the solicitor actually charged for the half hour
Almost as grabbing as the Vets | |
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| This rumoured Death Tax on 01:47 - Aug 3 with 1559 views | Robbie |
| This rumoured Death Tax on 18:57 - Jul 30 by JJBomber |
The wider question is why Burnham can do what he likes. Changes in tax policy should be discussed in Parliament and voted on. He's not acting on any manifesto promises, but doing whatever he likes. We are effectively in a dictatorship until September. |
Allegedly Burnham made his run for the finishing line to coinside with the Summer break for Parliment so no awkward questions incoming for a few weeks , nice one there .
At an age myself where I must look at my earnings over 50 years in work and am concerned who will get my hard earned when I pop off .
Only so much rules and regs , red tape and small print a bloke can understand and I have some advice from an FA who knows the situation , no crystal ball available .
Any help or direction from the Government though , nope the silence is deafening . | | | |
| This rumoured Death Tax on 18:57 - Aug 3 with 1443 views | max936 |
| This rumoured Death Tax on 01:47 - Aug 3 by Robbie |
Allegedly Burnham made his run for the finishing line to coinside with the Summer break for Parliment so no awkward questions incoming for a few weeks , nice one there .
At an age myself where I must look at my earnings over 50 years in work and am concerned who will get my hard earned when I pop off .
Only so much rules and regs , red tape and small print a bloke can understand and I have some advice from an FA who knows the situation , no crystal ball available .
Any help or direction from the Government though , nope the silence is deafening . |
"Any help or direction from the Government though, nope the silence is deafening "
They don't want the little people to have any money, they want to take all they can from us. | | | |
| This rumoured Death Tax on 19:48 - Aug 3 with 1424 views | onehunglow |
| This rumoured Death Tax on 18:57 - Aug 3 by max936 |
"Any help or direction from the Government though, nope the silence is deafening "
They don't want the little people to have any money, they want to take all they can from us. |
They want to take it where it’s easiest
That’s old folk who don’t complain
Then they die
This is what our politicians think of older people
It’s disgusting | |
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| This rumoured Death Tax on 08:45 - Aug 4 with 1358 views | Whiterockin |
| This rumoured Death Tax on 19:48 - Aug 3 by onehunglow |
They want to take it where it’s easiest
That’s old folk who don’t complain
Then they die
This is what our politicians think of older people
It’s disgusting |
13.2 million state pensioners in the UK. I would say we are the group with the greatest voting power of all. |  | | |
| This rumoured Death Tax on 10:57 - Aug 4 with 1323 views | onehunglow |
| This rumoured Death Tax on 08:45 - Aug 4 by Whiterockin |
13.2 million state pensioners in the UK. I would say we are the group with the greatest voting power of all. |
You’d think so but it doesn’t work like that
Most pensioners do not complain,and only vote for the party of their class ,the one they’ve always voted for
Name me the last time pensioners took to the streets in their hundreds of thousands lobbying parliament and politicians
Older folk are sh@t on from a great height and have been for decades
The lack of respect is visceral
Reform are evaporating and Labour will get back their voters
Tories are finished though Badenoch is impressive | |
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| This rumoured Death Tax on 12:56 - Aug 4 with 1301 views | Gwyn737 |
| This rumoured Death Tax on 08:45 - Aug 4 by Whiterockin |
13.2 million state pensioners in the UK. I would say we are the group with the greatest voting power of all. |
And far more likely to vote which why government policies are mostly skewed towards this demographic.
That possibly why they’re not out in the streets demonstrating. | | | |
| This rumoured Death Tax on 13:10 - Aug 4 with 1290 views | Gwyn737 |
Back to the OP, I’m not sure if this is a very Labour style tax on not very labour at all.
On one hand a flat tax for everyone to fund social care for all is very on brand. On the other, last year 4.72% of deaths led to inheritance tax so the most wealthy footing the bill. As the policy is supposed to be cost neutral, Labour would be saving money for the richest 5% x not very Labour.
I’m not as against the inheritance tax a some on here, possibly (selfishly) is pretty unlikely I’ll end up in the top 5%. In fact, I don’t think I know anyone who has passed away and been liable. | | | |
| This rumoured Death Tax on 13:45 - Aug 4 with 1275 views | Whiterockin |
| This rumoured Death Tax on 13:10 - Aug 4 by Gwyn737 |
Back to the OP, I’m not sure if this is a very Labour style tax on not very labour at all.
On one hand a flat tax for everyone to fund social care for all is very on brand. On the other, last year 4.72% of deaths led to inheritance tax so the most wealthy footing the bill. As the policy is supposed to be cost neutral, Labour would be saving money for the richest 5% x not very Labour.
I’m not as against the inheritance tax a some on here, possibly (selfishly) is pretty unlikely I’ll end up in the top 5%. In fact, I don’t think I know anyone who has passed away and been liable. |
This is long and drawn out but it is factual if you have the time.
https://www.gov.uk/government/ | | | |
| This rumoured Death Tax on 15:00 - Aug 4 with 1236 views | Gwyn737 |
Interesting.
Good to see the regional figures.
As expected the massive majority are in the south east and London. In wales about 98% won’t pay IHT.
That would explain why I haven’t met anyone subject to it. | | | |
| This rumoured Death Tax on 16:45 - Aug 4 with 1192 views | Whiterockin |
| This rumoured Death Tax on 15:00 - Aug 4 by Gwyn737 |
Interesting.
Good to see the regional figures.
As expected the massive majority are in the south east and London. In wales about 98% won’t pay IHT.
That would explain why I haven’t met anyone subject to it. |
I know two who's next of kin had to pay IHT. One elderly who had an expensive property. One divorced in his 50s who died suddenly and had a business. Both in Wales. | | | |
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