What do you think will be the imapct of B2L tax rises?

lisyloo

I will bend over backwards to avoid tax, we even looked at a possible move to the Isle of Wight.

I recently considered divorce :-)
I'm sure it must be illegal to have a "sham divorce", but for a short while I was looking forward to getting married again :-)

chucknorris

lisyloo wrote: »

I recently considered divorce :-)
I'm sure it must be illegal to have a "sham divorce", but for a short while I was looking forward to getting married again :-)

I think that would be a step too far for me (us).

wotsthat

lisyloo wrote: »

I recently considered divorce :-)
I'm sure it must be illegal to have a "sham divorce", but for a short while I was looking forward to getting married again :-)

AIUI there's no such thing as a sham divorce.

I'm sure it must happen because if one partner has a large pension pot and is facing >40% tax on the income then pension sharing on divorce with a non-taxpaying spouse would make quite a difference to tax. Also if the 'poorer' partner was older they get to liquidate some of the pension before the 'richer' partner would normally be able to do so.

Doubt we'll be reading about it in Mills and Boon any time soon.

lisyloo

AIUI there's no such thing as a sham divorce.

There might not be such a crime but if you lie in order to not pay tax then I would have thought that qualified as tax evasion.
I can't see a way a happily married couple could obtain a divorce without both lying formally - not that I've thought it through that much :-)

wotsthat

lisyloo wrote: »

There might not be such a crime but if you lie in order to not pay tax then I would have thought that qualified as tax evasion.
I can't see a way a happily married couple could obtain a divorce without both lying formally - not that I've thought it through that much :-)

There's no criminality in avoiding tax. Can't even see there's a lie to tell to be honest in this case.

People would have a view on the morality of avoiding tax which is why anyone doing this wouldn't really put it out there. That's life though - no shortage of people pushing themselves forward to throw the first stone.

lisyloo

Can't even see there's a lie to tell to be honest in this case.

I believe you need grounds to divorce i.e. adultery, desertion, unreasonable behaviour or seperation?
If they aren't true then surely it's a lie?

I would have thought if you lie to gain a tax break then it becomes illegal evasion and not legal avoidance.

CLAPTON

lisyloo wrote: »

There might not be such a crime but if you lie in order to not pay tax then I would have thought that qualified as tax evasion.
I can't see a way a happily married couple could obtain a divorce without both lying formally - not that I've thought it through that much :-)

the grounds for the divorce, could be 'tax incompatibility'

lisyloo

the grounds for the divorce, could be 'tax incompatibility'

You can't just make it up :-)
It has to be one of the above.

wotsthat

lisyloo wrote: »

I believe you need grounds to divorce i.e. adultery, desertion, unreasonable behaviour or seperation?
If they aren't true then surely it's a lie?

I would have thought if you lie to gain a tax break then it becomes illegal evasion and not legal avoidance.

I bet anyone that's been married for enough time and even calls themselves happily married could quite honestly list things about their spouse that would satisfy a court's unreasonable burden criteria. The evidence required is almost nothing.

That's the thing about long marriages. It's not that you or your partner are without fault but you learn to put up with them.

Crashy_Time

padington wrote: »

Osborne wont kill the golden goose. He'll just carefully nick a few eggs to ensure the market keeps a sure and steady upward projection.

Think of it like interest rates, if the market can handle more tax, it will get more.

He was bold with the BTl market because he forsee's, I think, mamouth house price inflation forces heading our way. Those forces (rising wages, endless QE, UK entering economic strong periods of growth, weak emerging markets looking for sanctuary, massive immigration, growing soft power, competitive taxed economy ) should negate the extra head winds.

He basically took a sail down because the winds were becoming too strong.

NURSE....! :rotfl: Keep em coming Paddles (desperately, up the wrong creek), who said comedy was dead......:T