Inheritance tax question

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Inheritance tax question

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sean
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Joined: 28 Oct 2004
Posts: 42219
Location: North Devon

Posted: Fri Feb 24, 06 2:40 pm Post subject: Inheritance tax question
Does anyone know where there's a simple guide to this, either on the interweb or something I could get from the library?

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Fri Feb 24, 06 2:43 pm Post subject:

The tax office are actually pretty helpful.

Is it a general thing your after, or do you have specific questions? It's the most unpleasant tax we have, imo. Taxed all your life on what you eanr, then a further proportion taken because you were able to save and pass it along.

Found this. https://www.channel4.com/4money/taxpensions/guides/inheritance_tax_guide_101003_page2.html

Last edited by Nick on Fri Feb 24, 06 2:45 pm; edited 1 time in total

Northern_Lad

Joined: 13 Dec 2004
Posts: 14210
Location: Somewhere

Posted: Fri Feb 24, 06 2:43 pm Post subject: Re: Inheritance tax question

sean wrote:

Does anyone know where there's a *simple* guide to this, either on the interweb or something I could get from the library?

Simple guide: you get everything -40% over (IIRC) �275k

More complicated guide: https://www.hmrc.gov.uk/leaflets/iht.htm

sean
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 42219
Location: North Devon

Posted: Fri Feb 24, 06 2:45 pm Post subject:
Thanks.

Penny Outskirts

Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....

Posted: Fri Feb 24, 06 2:46 pm Post subject:
Don't know whether you've seen this? Seems to cover most of it. As NL says - tax office are usually very helpful for specific questions.

Northern_Lad

Joined: 13 Dec 2004
Posts: 14210
Location: Somewhere

Posted: Fri Feb 24, 06 2:47 pm Post subject:

Penny wrote:

Seems to cover most of it. As NL says - tax office are usually very helpful for specific questions.

Oy! I'm NL, he's NH.

PS: Silas, just a reminder, you don't get anything if it's premeditated.

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Fri Feb 24, 06 2:48 pm Post subject:

Northern_Lad wrote:

PS: Silas, just a reminder, you don't get anything if it's premeditated.

You two planning some kind of life insurance 'accident' heist?

Penny Outskirts

Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....

Posted: Fri Feb 24, 06 2:54 pm Post subject:

Northern_Lad wrote:

Penny wrote:

Seems to cover most of it. As NL says - tax office are usually very helpful for specific questions.

Oy! I'm NL, he's NH.

PS: Silas, just a reminder, you don't get anything if it's premeditated.

Sorry sorry - slip of the finger (or brain

)

Bugs

Joined: 28 Oct 2004
Posts: 10744

Posted: Fri Feb 24, 06 2:59 pm Post subject:

Northern_Lad wrote:

Oy! I'm NL, he's NH.

PS: Silas, just a reminder, you don't get anything if it's premeditated.

But the one who's about to post up "my wife keeps insisting on taking her laptop in to the bath, isn't that a bit dangerous, I'm a complete electrical innocent you see, me" in IT Matters is Sean, not Silas. It's always the quiet ones, you know.

sean
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 42219
Location: North Devon

Posted: Fri Feb 24, 06 3:00 pm Post subject:
Is that not a good idea then?

Northern_Lad

Joined: 13 Dec 2004
Posts: 14210
Location: Somewhere

Posted: Fri Feb 24, 06 3:01 pm Post subject:

Bugs wrote:

Northern_Lad wrote:

Oy! I'm NL, he's NH.

PS: Silas, just a reminder, you don't get anything if it's premeditated.

[Smacks head violently against wall]Dur, my bwain hurts.

Northern_Lad

Joined: 13 Dec 2004
Posts: 14210
Location: Somewhere

Posted: Fri Feb 24, 06 3:02 pm Post subject:

sean wrote:

Is that not a good idea then?

Not if it's a cast iron bath - mach safer to use a plastic one - less chance of colateral damage.

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