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Meet the Wilsons Part 3 - The TV bonkers debate
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It looks like his head is about to burst at any minute.0
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My best guess is that they are financially fine, just fed up of the whole thing. They're getting on in age and neither looks particularly fit so they probably just want to get their money out. I reckon they'll manage to do so but that it'll take them a lot longer than they think to do so, in fact I suspect their kids will be inheriting quite a few houses.
So the tax man will be lining up at the funeral to get his 40% ?
(Thinks. Have they got time to emigrate and sell before the CGT goes up?)0 -
John_Pierpoint wrote: »So the tax man will be lining up at the funeral to get his 40% ?
(Thinks. Have they got time to emigrate and sell before the CGT goes up?)
I only just thought of the Wilsons and the new cap gains changes coming in.
Are they still going to try sell their 900 houses before the price comes down, and have to pay 40% cap gains?0 -
I sincerely hope these two end up in debtors prison. Or in the stocks in Parliament Square.0
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I only just thought of the Wilsons and the new cap gains changes coming in.
Are they still going to try sell their 900 houses before the price comes down, and have to pay 40% cap gains?
But you can't have it both ways, they can't be both in serious negative equity AND trying to sell now to avoid paying 40% CGTChuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »But you can't have it both ways, they can't be both in serious negative equity AND trying to sell now to avoid paying 40% CGT
Wow I didnt know they were in neg Equity are you sure Chucknorris? Where did that come from?
If they are in neg Equity now before interest rates go back to normal what a situation.
Anyway, they either sell now and pay 40% cap gains or try and keep the business going after interest rates go back to normal.
Imagine the stress of all these buy to let landlords when house prices and rents start to come down as interest rates start to go back up.
Unemployment, repossessions and Interest rates are the only things going up. With all the painful cuts wages and house prices and rents are coming down.0 -
Thanks Brit, you are one of the best posters on here. What a great video.
This is what I call a good thread.
As the famous Mandy Rice Davies misquote states
"Well he would say that, wouldn't he?"'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
chucknorris wrote: »But you can't have it both ways, they can't be both in serious negative equity AND trying to sell now to avoid paying 40% CGT
I presume that would depend on how they have accounted in the past.Not Again0 -
Wow I didnt know they were in neg Equity are you sure Chucknorris? Where did that come from?
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No I'm not sure as it came from what I perceive to be an unreliable source. I got it from YOUR post in the other wilsons thread where you say that YOU heard they were 'going under' sorry I don't know how to link it but it's post 161 on this thread: https://forums.moneysavingexpert.com/discussion/comment/29328547#Comment_29328547Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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