How to invest £45.5m

Aegis

Myrmidon_J wrote: »

You would if I was in government, comrade! :cool:

Anyway - what's the IHT liability on £45.5m?

A little under 40%. Though technically that's the estate losing that amount rather than the person who owned the assets prior to their death.

del1001

mikey72 wrote: »

I'd just buy a really big sock, put the cash in, then spend £1m a year until I was dead.

yep, that's the way to go :rotfl:

ed123_2

.......they should go to an independent financial advisor who would put it all in shares,,,so that's lost halve of it, they would then place this in a business which in a few years will wipe it out completely.......best to go and live in Monaco

Myrmidon_J

ed123 wrote:

.......they should go to an independent financial advisor who would put it all in shares,,,so that's lost halve of it, they would them place this in a business which in a few years will wipe it out completely.......best to go and live in Monacco

It's certainly possible. A client of ours "invested" a couple million in business interests of friends... And, it's gone! But there's still plenty left.

Somehow...

I think it actually costs something in the region of £317 million per week to live in Monaco. Best to buy a small house in the darkness of Wales and sit on a pile of gold with a shotgun.

sh856531

Aegis wrote: »

You wouldn't lose half of your assets. The 50% tax is on the income generated through interest payments. The actual cash value of your basic assets would still be increasing through interest payments, though inflation would reduce the real value of that cash.

Sure - I understand that. Assets was a poor choice of word. The point I was making was more general, which is that happily giving money to the idiots in government does not meet my definition of "giving back".

When talking about 50% tax, I was thinking more about the governments plan to increase the top rate of tax.

sh856531

RayWolfe wrote: »

Who asked to take 50% of your assets?
Do you understand the difference between capital and earnings? If not, I could explain ... but I doubt you'd really be interested with any facts.

Based on what exactly? Have I done something to offend you? Or are you generally just insulting to everybody who you happen to disagree with?

S

getmore4less

With £45m I don't think I would be paying UK tax for long.

RayWolfe

sh856531 wrote: »

However I'm *not*for the government thinking its entitled to half of my earnings/property/assets so that it can go pi$$ it away on one of its idiotic social experiments or quangos.

sh856531 wrote: »

which is that happily giving money to the idiots in government does not meet my definition of "giving back".

sh856531 wrote: »

Based on what exactly?

Based on the quotes above.
Seems you disagree with me and I disagree with you. Is that a problem?
Do you still require a lesson on capital and income? Do you know what is taxed, at what rate and when. If you don't, your Daily Mail will help.
So much to learn; so little time.

pimento

musehead wrote: »

I'd try and keep it a secret from most people. Can you decline all publicity?

You can. I seem to recall a big winner being outed by staff at their bank though.

You'd never manage to keep it a secret. Someone would tell.

pimento

What I would do, before I even called Camelot, would be to decide who I was going to give money to, then arrange a syndicate with them and me. That way, they wouldn't pay any income tax on the lump sum.