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Earning over £100,000 a year and can't get a mortgage?

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Comments

  • dudleyboy
    dudleyboy Posts: 765 Forumite
    No it's not, it is perfectly legal. You might not like the social morality aspect but it is not fraud.
    Whatever you say, Bob. I've had too long of a day to engage in a philosophical debate about legal vs ethical. Although I will just say that just because something is legal, it doesn't mean that it should be, especially when the law is passed by those who seek to profit from it.

    As I say, were I a contractor I would seek to benefit from this system too because it is legal. That does not mean, however, that I think that it should be.

    Because it's 'technically legal' white-collar fraud.
  • dudleyboy
    dudleyboy Posts: 765 Forumite
    Every man is entitled if he can to order his affairs so as that the tax attaching under the appropriate Acts is less than it otherwise would be. If he succeeds in ordering them so as to secure this result, then, however unappreciative the Commissioners of Inland Revenue or his fellow taxpayers may be of his ingenuity, he cannot be compelled to pay an increased tax.

    Inland Revenue Commissioners v. Duke of Westminster (1936)
    I think that just about says it all.
  • m00m00
    m00m00 Posts: 1,755 Forumite
    “It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God” (Matthew 19:24)

    even for a raving atheist like me, that has more value than a legal ruling, the law traditionally being constituted historically to protect the rights of the rich.
    It's a health benefit ...
  • dudleyboy
    dudleyboy Posts: 765 Forumite
    You mustard mitt he makes a fair point there!
    I would agree although I would say the motives are/were entirely different.
  • BobProperty
    BobProperty Posts: 3,245 Forumite
    1,000 Posts Combo Breaker
    dudleyboy wrote: »
    As I say, were I a contractor I would seek to benefit from this system too because it is legal. That does not mean, however, that I think that it should be.
    There was, or still is, at least one contractor I knew who paid himself straight PAYE wages of almost all his turnover, for similar moral reasons to the ones you are concerned about.
    Neverdespairgirl, I can never remember those quotes, trust a lawyer to. ;)
    A house isn't a home without a cat.
    Those are my principles. If you don't like them, I have others.
    I have writer's block - I can't begin to tell you about it.
    You told me again you preferred handsome men but for me you would make an exception.
    It's a recession when your neighbour loses his job; it's a depression when you lose yours.
  • dudleyboy
    dudleyboy Posts: 765 Forumite
    Neverdespairgirl, I can never remember those quotes, trust a lawyer to. ;)
    And a self-employed one at that... ;)

    (Only jesting, NDG: I really like you and your posts :p )
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    m00m00 wrote: »
    “It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God” (Matthew 19:24)

    even for a raving atheist like me, that has more value than a legal ruling, the law traditionally being constituted historically to protect the rights of the rich.

    As I understand it, the eye of a needle is more likely to be a narrow gate in Jerusalem's city walls than an actual needle - so difficult, but not impossible.

    There is an awful lot of good stuff in the Bible, for raving aetheists and all, I reckon.

    Sufficient unto the day is the evil thereof is a thought I often try to stick to, for example.

    And you have to go a long way to beat 1 Corinthains, chpt. 13:

    Though I speak with the tongues of men and of angels, and have not charity, I am become as sounding brass, or a tinkling cymbal.

    And though I have the gift of prophecy, and understand all mysteries, and all knowledge; and though I have all faith, so that I could remove mountains, and have not charity, I am nothing.

    And though I bestow all my goods to feed the poor, and though I give my body to be burned, and have not charity, it profiteth me nothing.

    Charity suffereth long, and is kind; charity envieth not; charity vaunteth not itself, is not puffed up,

    Doth not behave itself unseemly, seeketh not her own, is not easily provoked, thinketh no evil;

    Rejoiceth not in iniquity, but rejoiceth in the truth;

    Beareth all things, believeth all things, hopeth all things, endureth all things.

    Charity never faileth: but whether there be prophecies, they shall fail; whether there be tongues, they shall cease; whether there be knowledge, it shall vanish away.

    For we know in part, and we prophesy in part.

    But when that which is perfect is come, then that which is in part shall be done away.

    When I was a child, I spake as a child, I understood as a child, I thought as a child: but when I became a man, I put away childish things.

    For now we see through a glass, darkly; but then face to face: now I know in part; but then shall I know even as also I am known.

    And now abideth faith, hope, charity, these three; but the greatest of these is charity.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    dudleyboy wrote: »
    And a self-employed one at that... ;)

    (Only jesting, NDG: I really like you and your posts :p )

    Thank you!

    My tax affairs are dead simple. The senior clerk prints out a list of all income received in a tax year, and Chambers' rent paid. I then knock off travel to court, legal books / websites etc, computers and analogue writing stuff, court clothes, and pay tax on the rest.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • m00m00
    m00m00 Posts: 1,755 Forumite
    oh, lots of the new testament is very good indeed, and it should be given where they stole most of the ideas from.

    shame about the Neo-Platonist spiritual nonsense they cloaked all that good old fashioned pre Kantian deontology in.
    It's a health benefit ...
  • SouthCoast
    SouthCoast Posts: 1,985 Forumite
    :confused:

    Geese lower their heads when flying under a bridge,
    no matter how high its arches may be.

    Julius Caesar Scaligar.
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