And we don't have to pay any tax... dad.

[Ray B]

Took you a while to come up with that one Keith .
I think he is busy at the moment negotiating with the tower of London, a cell he can lock up a trouble maker.

[Stephen]

I heard there may be an axe involved.

[david63]

will be setting an example to all the Farmers that if inheritance tax its good enough for them, then it must be good enough for him

Actually he cannot pay IHT as only the beneficiaries of his estate are liable for any such tax.

So you are advocating that our heir apparent breaks the law are you as that would, in effect, be what he would be doing if he was to pay IHT?

[oldbluefox]

It's an awful tax anyway. How many stately homes have been lost or passed over to the National Trust to save them.
Lowther Castle near us was stripped of all its furnishings and left as an empty shell to pay off death duties. Of course there are those who just don't care but it is our history and heritage which is lost along the way and for why? To pay off some spendthrifts pipe dream.

[Stephen]

We care, which why we are lifetime National Trust members.

[Ray B]

I think most of us care for our Heritage and feel a tinge of sadness when they are vandalised or worse still torched.

[Onelife]

will be setting an example to all the Farmers that if inheritance tax its good enough for them, then it must be good enough for him

Actually he cannot pay IHT as only the beneficiaries of his estate are liable for any such tax.

So you are advocating that our heir apparent breaks the law are you as that would, in effect, be what he would be doing if he was to pay IHT?

It is my understanding that both Willian and Harry inherited substantially from their late grandmother’s will…or was it defined as a gift? Either way, on the amount they received it would have been taxable in the first instance or breaking the law in the second…if of course if it wasn’t for the Royal tax exemption rules.

[Onelife]

Whether or not it is an awful tax would depend on which side of the threshold you sit, it is a fact that many wealthy people use the exemption land grabs as a way of avoiding inheritance tax. So, on balance I think she is right to cut out this loop hole….But I don’t however agree with the way she/labour are going about introducing these changes, especially with regard to the time scales being introduced for farmers…they have had little to no time to take evasive action on how they can offset the impact of these changes… and I wouldn’t be surprised if they might have a legal case to pursue if these changes are introduced?

[oldbluefox]

I wasn't talking about land grabs by the wealthy. I was talking about stately homes having to be sold off or left to rot in order to pay off death duties.
I have no issue with closing loopholes but yet again this government has failed to think through the consequences of their policy.

[Onelife]

I wasn't talking about land grabs by the wealthy. I was talking about stately homes having to be sold off or left to rot in order to pay off death duties.
I have no issue with closing loopholes but yet again this government has failed to think through the consequences of their policy.

I understand where you are coming from Foxy and I agree that the introduction of death duty, otherwise known as the present IHT was instrumental in the downfall of many stately homes. It is also worthy of noting that when death duties were introduced the lords and Barons of the age had pretty much the same legal tax avoidance measures as they have today…. unfurtunatly many of the wealthiest didn’t take up these options because they wanted it all for themselves without consideration of the tax implications for their descendants….if any.

[towny44]

I heard there may be an axe involved.

I think the swinging sword, a la Wolf Hall, looks quite interesting.

[oldbluefox]

I'll get you a basket.

[Ray B]

Do you pay tax on works of art ?
I have a plain white board with not one, but two bananas taped to it with grey gaffer tape.
It could be yours with bids over £5million .

[Mervyn and Trish]

What's their use by date?

[oldbluefox]

Wish I'd thought of it.
Instead I've nailed a carrot to my garage wall and I'm waiting for the bids to come raining in.

[Mervyn and Trish]

If the nail went too far through the wall, probably the rain will come raining in.

[Onelife]

Can I remind forum members that this is a Monarchy bashing thread

[towny44]

Can I remind forum members that this is a Monarchy bashing thread

You've always enjoyed topic drift in the past, why get your knickers in a twist over this.

[Stephen]

Can I remind forum members that this is a Monarchy bashing thread

Which has a member of one.

[Onelife]

Can I remind forum members that this is a Monarchy bashing thread

You've always enjoyed topic drift in the past, why get your knickers in a twist over this.

I can see where you are coming from John…and to be fair, a banana and a roll of gaffer tape has more going for it than the Royal pantomime.

[Ray B]

Most surprised no post on the wonderfull day of the King's Coronation. £72 million it all cost,with the world admiring how well we done it.

[Ray B]

[oldbluefox]

"Recent attempts to measure the size of the impact of the royal family on UK tourism have estimated the capital value of UK monarchy as a business to be £67.5 billion. Prior to the event, economic forecasters, the Centre for Economics and Business Research (CEBR), had predicted a boost of £337m for the UK's economy due to the coronation - including £104m in extra pub spending and an estimated £223m spend from tourism to the UK during the period."
£72million sounds a pretty good investment. We could probaby have trimmed a few thousands off in security had it not been for clowns chanting Not My King trying to disrupt the proceedings. Nevertheless it looked like everybody had a great time. Can't see them turning out in such great numbers to see President Starmer.

[Ray B]

. . .

[Onelife]

"Recent attempts to measure the size of the impact of the royal family on UK tourism have estimated the capital value of UK monarchy as a business to be £67.5 billion. Prior to the event, economic forecasters, the Centre for Economics and Business Research (CEBR), had predicted a boost of £337m for the UK's economy due to the coronation - including £104m in extra pub spending and an estimated £223m spend from tourism to the UK during the period."
£72million sounds a pretty good investment. We could probaby have trimmed a few thousands off in security had it not been for clowns chanting Not My King trying to disrupt the proceedings. Nevertheless it looked like everybody had a great time. Can't see them turning out in such great numbers to see President Starmer.

The problem with the figures you quote is that they could be tripled if the freeloaders were to vacate our/their royal residences…recent history of many countries has shown that you don’t need Kings/Queens to make tourism any more attractive, indeed most of the Uk’s best attractions have no connection to the Royal pantomime…Chester Zoo gets more visitors than Windsor castle as does the likes of Shakespeare’s Stratford upon Avon, along with a host of stately homes, castles, museums and of course our rich Island landscapes, I’ve even heard it said that Cumbria attracts a few hundred visitors a year.