Results 1 to 8 of 8

Thread: Budget 2012 at a glance: George Osborne's key points

  1. #1
    Amiable Scoundrel Corrupt's Avatar
    Join Date
    Sep 2006
    Location
    In a suit, with a pipe, pondering how to retort
    Age
    24
    Posts
    14,596

    Default Budget 2012 at a glance: George Osborne's key points

    http://www.bbc.co.uk/news/uk-politics-17449501

    Key points of the new 2012 Budget for anyone interested. Some surprises in there.

  2. #2
    Not Goat Roping Shermbodius's Avatar
    Join Date
    Apr 2011
    Location
    Let er rip, tater chip!
    Posts
    17,030

    Default

    Corrupt, at least you Brits can have a budget. We can't get our act together on this side of the pond.

  3. #3
    Senior Member wotsnext's Avatar
    Join Date
    May 2007
    Location
    Somewhere on the Trent and Mersey Canal.
    Posts
    12,695

    Default

    I cant see anything about inheritance tax?

  4. #4
    Senior Member LineDoggie's Avatar
    Join Date
    Jun 2008
    Location
    38S MB 3661/8351
    Posts
    32,959

    Default

    Quote Originally Posted by wotsnext View Post
    I cant see anything about inheritance tax?
    So tax it twice, how nice....

  5. #5
    Senior Member wotsnext's Avatar
    Join Date
    May 2007
    Location
    Somewhere on the Trent and Mersey Canal.
    Posts
    12,695

    Default

    Quote Originally Posted by LineDoggie View Post
    So tax it twice, how nice....
    Indeed, the Tories manifesto pledged to increase the threshold to 500,000, never happend.

  6. #6
    Amiable Scoundrel Corrupt's Avatar
    Join Date
    Sep 2006
    Location
    In a suit, with a pipe, pondering how to retort
    Age
    24
    Posts
    14,596

    Default

    Quote Originally Posted by LineDoggie View Post
    So tax it twice, how nice....
    http://www.hmrc.gov.uk/inheritancetax/intro/basics.htm

    0% on estates/trusts worth up to 325,000. 40% on every pound above that.

    Don't several US states operate an inheritance tax?

  7. #7

    Default

    Quote Originally Posted by Corrupt View Post
    http://www.hmrc.gov.uk/inheritancetax/intro/basics.htm

    0% on estates/trusts worth up to 325,000. 40% on every pound above that.

    Don't several US states operate an inheritance tax?
    They do indeed, its often referred to as the "the death tax".

  8. #8
    Senior Member CMNot's Avatar
    Join Date
    Oct 2011
    Location
    UK/RSA
    Posts
    6,653

    Default

    Stunned that people earning 50k can get any sort of benefit what-so-ever. Absolutely incredible. And to think the yanks gripe about food stamps, they'd **** a brick at the pigate handouts available here.

    If my dodgy choice of philanthropy carries on, I'm ecstatic about paying no income tax next year.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •