Inheritance Tax
Dec 24th 2007, 4:50 pm
#1
Banned
Thread Starter
Joined: Dec 2007
Posts: 53
Inheritance Tax
Another thread got me thinking about this.
Isnt it wondeful to live in a country where this doesnt exist. I am sure its not a major factor in why people come to NZ, but it should be!
Being able to give your assets to your children without the govt taking a massive chunk is great, the system in the UK sickens me and we all know would not be introduced now. It only exists as it came in centuries ago and is to much of a cash cow to be removed.
Isnt it wondeful to live in a country where this doesnt exist. I am sure its not a major factor in why people come to NZ, but it should be!
Being able to give your assets to your children without the govt taking a massive chunk is great, the system in the UK sickens me and we all know would not be introduced now. It only exists as it came in centuries ago and is to much of a cash cow to be removed.
Last edited by Maryanne_Tga; Dec 24th 2007 at 4:52 pm.
Dec 25th 2007, 8:01 am
#2
BE Forum Addict
Joined: Nov 2007
Posts: 1,967
Re: Inheritance Tax
Do you know if you can leave money/assets to family who are still in the UK without them having to pay inheritence tax or will they be taxed by the country they live in, not the country I die in?
Dec 25th 2007, 9:01 am
#3
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Joined: Dec 2007
Posts: 53
Re: Inheritance Tax
Do you know if you can leave money/assets to family who are still in the UK without them having to pay inheritence tax or will they be taxed by the country they live in, not the country I die in?
Dec 25th 2007, 1:08 pm
#4
Account Closed
Joined: Aug 2007
Posts: 548
Re: Inheritance Tax
If you need to go into a home the state can sell your house and use it to pay for your care.
Dec 25th 2007, 3:40 pm
#5
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Thread Starter
Joined: Dec 2007
Posts: 53
Re: Inheritance Tax
If you need to go into a home the state can sell your house and use it to pay for your care.
And its still better than an inheritance tax.
UK is the undisputed king of stealth taxes.
Dec 25th 2007, 10:52 pm
#6
Forum Regular
Joined: Jul 2007
Posts: 78
Re: Inheritance Tax
http://news.bbc.co.uk/1/hi/programme...ma/4758750.stm
Mar 31st 2008, 9:13 pm
#7
Just Joined
Joined: Mar 2008
Posts: 28
Re: Inheritance Tax
Hi everyone,
I haven´t lived in the UK for 22 years, and I have no intention of in the future, when my parents die and I inherit their estate with my brother, 40% of my share will be tax for Gordon Brown and his cronies, I live in Germany and that is the way things are at the moment.
I am planning on emirgating to NZ, hopefully then I´ll find a better solution
Bye
Meat and two veg
I haven´t lived in the UK for 22 years, and I have no intention of in the future, when my parents die and I inherit their estate with my brother, 40% of my share will be tax for Gordon Brown and his cronies, I live in Germany and that is the way things are at the moment.
I am planning on emirgating to NZ, hopefully then I´ll find a better solution
Bye
Meat and two veg
Mar 31st 2008, 11:59 pm
#8
Retired
Joined: Apr 2004
Posts: 34,649
Re: Inheritance Tax
Bear in mind it applies to assets that are located in the U.K. even if the owner lives overseas.
