• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Inferitance tax

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Inferitance tax

    https://en.wikipedia.org/wiki/Hugh_G...of_Westminster

    Hugh Richard Louis Grosvenor, 7th Duke of Westminster (born 29 January 1991), styled as Earl Grosvenor until August 2016, is a British aristocrat, billionaire, businessman and landowner. He is the third child and only son of Gerald Grosvenor, 6th Duke of Westminster and his wife Natalia Phillips. He inherited the title of Duke of Westminster on 9 August 2016, on the death of his father. The duke is estimated to be worth US$13 billion, making him the world's richest person aged under 30.
    Does not apply?

    Only for the little people?
    First Law of Contracting: Only the strong survive

    #2
    Originally posted by _V_ View Post
    Only for the little people?
    Yes.

    More importantly HMRC dares not touch the Duke because he would create another tax avoidance precedent...

    Comment


      #3
      Originally posted by _V_ View Post
      https://en.wikipedia.org/wiki/Hugh_G...of_Westminster



      Does not apply?

      Only for the little people?
      It does. But he doesn't directly control all of his wealth and that opens up lovely opportunities for creative (but legal) tax optimisation. Read this.
      You're awesome! Get yourself a t-shirt.

      Comment


        #4
        Originally posted by squarepeg View Post
        It does. But he doesn't directly control all of his wealth and that opens up lovely opportunities for creative (but legal) tax optimisation. Read this.
        Tax is supposed to be on estate, and estate size is known - take 40% off trusts, easy...

        Comment


          #5
          Originally posted by AtW View Post
          Tax is supposed to be on estate, and estate size is known - take 40% off trusts, easy...
          Technically, he doesn't have the estate, the estate is in the trust which will continue to be operated by the trustees for the benefit of its beneficiaries.

          Comment


            #6
            Originally posted by dotcom12 View Post
            Technically, he doesn't have the estate, the estate is in the trust which will continue to be operated by the trustees for the benefit of its beneficiaries.
            That's what I said - tax trust which controls the estate, take 40% off that. And if they don't like it then they can be either poor OR use their lobbying power to abolish inheritance tax for all.

            Comment


              #7
              Originally posted by dotcom12 View Post
              Technically, he doesn't have the estate, the estate is in the trust which will continue to be operated by the trustees for the benefit of its beneficiaries.
              I shall try that when the tax man calls. I'm sure it will be fine, as long as I'm a Duke or Earl or some such.

              Comment


                #8
                Originally posted by DimPrawn View Post
                I shall try that when the tax man calls. I'm sure it will be fine, as long as I'm a Duke or Earl or some such.
                Duke of Swindon has got a ring to it...

                Comment


                  #9
                  Originally posted by AtW View Post
                  That's what I said - tax trust which controls the estate, take 40% off that. And if they don't like it then they can be either poor OR use their lobbying power to abolish inheritance tax for all.
                  When was the last time the elites cared about the rest?
                  You're awesome! Get yourself a t-shirt.

                  Comment


                    #10
                    Originally posted by squarepeg View Post
                    when was the last time the elites cared about the rest?
                    1642 - 1651


                    hth bidi

                    Comment

                    Working...
                    X