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Family home exempt from death tax and affect on house prices?

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Comments

  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    Why should we not be allowed to hand down ( free of tax ) our home that we have worked very hard all our life for?
    Likewise why should your parents not claim what they are entitled to, after all they would have worked and paid into the pot.
    Its all the spongers and imigrants that makes my blood boil, why should i be taxed so heavily so that they can sent all their dole and child benefits back to some other european country?

    Getting off the benefits/scroungers rant, because that's not really relevant to this conversation & it makes everyone's blood boil. We need to be taxed in order for our society to function. I, personally, would rather seen rich, dead people taxed than anyone else.

    1) If they were rich, they can afford it better than poor people
    2) They are dead, they no longer need it.

    Yes, of course they should be able to pass money/possessions onto their kids, but their kids (after their majority) should be in a position to support themselves.

    Of course you may find you lovely, expensive house (& BTL empire) flogged off by the state to pay for someone to wipe your @rse in your dotage.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • Richer people get taxed more.
  • Debt_Free_Chick
    Debt_Free_Chick Posts: 13,276 Forumite
    10,000 Posts Combo Breaker
    Richer people get taxed more.

    Fact of life - ever was it thus ;)
    Warning ..... I'm a peri-menopausal axe-wielding maniac ;)
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    Richer people get taxed more.

    & so they should, they can afford more. Though I suspect once you get beyond a certain point tax becomes something that other people pay.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • Guy_Montag wrote: »
    & so they should, they can afford more. Though I suspect once you get beyond a certain point tax becomes something that other people pay.

    & so they do.
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    & so they do.

    I'm trying to work out if you're trying to make a point or not, but to be honest I think I'll just stare at your boobs & nod. :j
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • Guy_Montag wrote: »
    I'm trying to work out if you're trying to make a point or not, but to be honest I think I'll just stare at your boobs & nod. :j

    The point is you have said twice that Richer people should be taxed more. i have pointed out that they do.
  • The effect on HPI will be upwards as there will be more money around.

    Some of the kids (aged 60/70) inheriting their parents homes will be able to pay more and therefore will because they are thick. Others (20/30) will spend the money on heroin, dodgy women and fast cars.

    I don't mind being taxed 100% when I'm dead.

    :)

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
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