El Loro posted:

Re Dame's post on Ian Cameron's estate and inheritance tax and the reference to the £1.2 milion property going to his daughters via a trust. there are complex tax rules relating to trusts.
Without knowing what type of trust it is and what the terms of it are we cannot say what tax was payable, or what tax will become payable in future.
Trust income tax rates can be as high as 45%:
https://www.gov.uk/trusts-taxes/trusts-and-income-tax

Whatever tax is payable, I'll bet they  try to hide it   And like I said...  Cameron won't be the only one doing this at the minute 

El Loro posted:

Re Dame's post on Ian Cameron's estate and inheritance tax and the reference to the £1.2 milion property going to his daughters via a trust. there are complex tax rules relating to trusts.
Without knowing what type of trust it is and what the terms of it are we cannot say what tax was payable, or what tax will become payable in future.
Trust income tax rates can be as high as 45%:
https://www.gov.uk/trusts-taxes/trusts-and-income-tax

it was reported at the time El, I remember posting on here about it. I'm not really into tax affairs to be honest, I paid mine in the normal and fair way 

I am however convinced that Ian Cameron setting aside at least three offshore accounts would have made darn sure he would pay the least amount he could get away with, if any at all... 

BBc is now reporting a few hundred protesters...*spouting the bucket of tory rhetoric bullsh*t* it comes to something when the daily mail actually posts the facts and the BBC doesn't... 

http://www.dailymail.co.uk/new...ama-Papers-leak.html

Dame_Ann_Average posted:

El Loro posted:

Re Dame's post on Ian Cameron's estate and inheritance tax and the reference to the £1.2 milion property going to his daughters via a trust. there are complex tax rules relating to trusts.
Without knowing what type of trust it is and what the terms of it are we cannot say what tax was payable, or what tax will become payable in future.
Trust income tax rates can be as high as 45%:
https://www.gov.uk/trusts-taxes/trusts-and-income-tax

 

it was reported at the time El, I remember posting on here about it. I'm not really into tax affairs to be honest, I paid mine in the normal and fair way 

I am however convinced that Ian Cameron setting aside at least three offshore accounts would have made darn sure he would pay the least amount he could get away with, if any at all... 

The tax of trusts has changed in recent years which means that it's possible that what the father had intended mighn't be the case now.

El Loro posted:

The tax of trusts has changed in recent years which means that it's possible that what the father had intended mighn't be the case now.

thanks El, his estimated worth in 2009 was 10 million...when he died in 2010 his estate was 2.7 million, must have had a shopping spree or something 

And meanwhile, the poor get screwed a bit more 

http://www.msn.com/en-gb/money...POOl&ocid=TSHDHP

Dame_Ann_Average posted:

El Loro posted:

The tax of trusts has changed in recent years which means that it's possible that what the father had intended mighn't be the case now.

thanks El, his estimated worth in 2009 was 10 million...when he died in 2010 his estate was 2.7 million, must have had a shopping spree or something 

Sprout posted:

And meanwhile, the poor get screwed a bit more 

http://www.msn.com/en-gb/money...POOl&ocid=TSHDHP

loads more to come from Crabb the grab too...makes a mockery 'we're all in this together' 

Dame_Ann_Average posted:

Sprout posted:

And meanwhile, the poor get screwed a bit more 

http://www.msn.com/en-gb/money...POOl&ocid=TSHDHP

 

loads more to come from Crabb the grab too...makes a mockery 'we're all in this together' 

It does.....how about, it's renamed.....some of them are all in it together? 

Sprout posted:

It does.....how about, it's renamed.....some of them are all in it together? 

'offshore and we're in it together' 

    I only said some cos some are not in it 

Sprout posted:

    I only said some cos some are not in it 

gotcha..the 1% are 

Dame_Ann_Average posted:

Sprout posted:

    I only said some cos some are not in it 

gotcha..the 1% are 

more sh*t hits the fan..anyway and any how to get around paying  

http://news.sky.com/story/1675...gift-from-his-mother

Keep going Dave, and shooting yourself in the foot     trouble is......there needs to be many more alongside you.....and that includes peeps of all parties 

No sign of him going yet - i bet he weathers this storm.

Cold Sweat posted:

No sign of him going yet - i bet he weathers this storm.

Thing is....it's one thing him going.....I'm scared as to who we would get in his place 

David Cameron's accountants have sent him this letter for publication. It's a summary of his taxable income from 2009-10 to 2014-15.
https://www.gov.uk/government/...hedule_9_04_2016.pdf

For each line of income they have a note giving more information. Note 8 is about the Blaimore disposal.

This new row about the 200K that Cameron received from his mother only becomes relevant if it can be proved that it was done deliberately to reduce future inheritance tax and with his full compliance. But it would not be the reduction of inheritance tax that would be the problem (as that is currently a legal move), but Cameron's purported stance against such things!

Extremely Fluffy Fluffy Thing posted:

This new row about the 200K that Cameron received from his mother only becomes relevant if it can be proved that it was done deliberately to reduce future inheritance tax and with his full compliance. But it would not be the reduction of inheritance tax that would be the problem (as that is currently a legal move), but Cameron's purported stance against such things!

Exactly, nail on head Fluffy  

Roger the Alien posted:

Extremely Fluffy Fluffy Thing posted:

This new row about the 200K that Cameron received from his mother only becomes relevant if it can be proved that it was done deliberately to reduce future inheritance tax and with his full compliance. But it would not be the reduction of inheritance tax that would be the problem (as that is currently a legal move), but Cameron's purported stance against such things!

Exactly, nail on head Fluffy  

*passes sledgehammer to make sure the nail goes right home*

Moonie posted:

Roger the Alien posted:

Extremely Fluffy Fluffy Thing posted:

This new row about the 200K that Cameron received from his mother only becomes relevant if it can be proved that it was done deliberately to reduce future inheritance tax and with his full compliance. But it would not be the reduction of inheritance tax that would be the problem (as that is currently a legal move), but Cameron's purported stance against such things!

Exactly, nail on head Fluffy  

*passes sledgehammer to make sure the nail goes right home*

Elder brother takes over family home (worth?) but nothing from father's will.

Two sisters share 1m house (500K each)

'Call-me-Dave' gets only 300K from will, but shortly after gets 'gifted' 200K from mother. (He now has 500K)

Is it an elaborate plot? If so why only keep 200k from father's estate?

If 500K was earmarked for Cameron why not have it all transferred to the mother and she can 'gift' the whole lot to him later?

Or would it seem too strange if he 'got nothing' in the will?

Were there other intricacies involved?

Back in April 2012 the Guardian published some of the father's will:
http://www.theguardian.com/pol.../20/ian-cameron-will

It doesn't go into much more detail than what has already been mentioned. It does show that the executors and trustees of the will were David's mother, older brother and one of his sisters but not David himself.

I know his wife is descended from The Astors... real ordinary everyday  folk they are 

Extremely Fluffy Fluffy Thing posted:

Elder brother takes over family home (worth?) but nothing from father's will.

 

Two sisters share 1m house (500K each)

 

'Call-me-Dave' gets only 300K from will, but shortly after gets 'gifted' 200K from mother. (He now has 500K)

 

Is it an elaborate plot? If so why only keep 200k from father's estate?

If 500K was earmarked for Cameron why not have it all transferred to the mother and she can 'gift' the whole lot to him later?

Or would it seem too strange if he 'got nothing' in the will?

Were there other intricacies involved?

we haven't see his tax records, just a letter from his accountant, like I have said for 6 years, the most corrupt government ever. 

Nicola Sturgeon's tax return for 2014/15 which she published yesterday:
https://d3n8a8pro7vhmx.cloudfr...eturn.pdf?1460296299

The document is 18 pages long, the tax calculation is shown on the first two pages followed by the tax return. Virtually all of the pages of the return are empty, the only page of any interest is page 15 the employment page.

I think ALL MP's should produce their tax returns and not just letters from their accountants, then we would see who is telling porkies and who has just got the big stirring spoon out

George Osborne's income details from his accountants on a similar basis to Cameron's letter but just for 2014/15:
https://www.gov.uk/government/...ellor_tax_return.pdf

Jeremy Corbyn's tax return for 2014/15:
https://www.scribd.com/doc/307...n-Tax-Return-2014-15

http://www.ebay.co.uk/itm/222082102077

Dame its been removed   Was it something bad?

Roger the Alien posted:

Dame its been removed   Was it something bad?

not really Rog, it was for sale in the Ornaments and Garden furniture , last time I looked it had 38 bids on it and the money going to good causes, it's been removed...

The listing of David Cameron for sale on eBay (for parts, as not working)

Dame_Ann_Average posted:

Roger the Alien posted:

Dame its been removed   Was it something bad?

 

not really Rog, it was for sale in the Ornaments and Garden furniture , last time I looked it had 38 bids on it and the money going to good causes, it's been removed...

The listing of David Cameron for sale on eBay (for parts, as not working)

 ROFL! Thanks Dame   Times like this, you love the internet!

PMSL!  Scotty....so funny....but so true  

Scotty posted:

Scotty posted:

Loups them both over from the other page 

Scotty posted:

and I love the Columbian talcum powder one...and this guy is in charge of the purse strings 

Dame_Ann_Average posted:

Scotty posted:

and I love the Columbian talcum powder one...and this guy is in charge of the purse strings 

Beggars belief doesn't it?