lozgti

Flippin dastardly disgusting state of affairs.If they were lesbian lovers and not sisters they would be ok.As they said,is that not prejudice ?Not their fault either they are collared by mad property prices

Sisters lose inheritance tax battle - Law - Times Online

Thought it would be nice if the cream of Scoobynet brains could help them defeat the 'best Chancellor ever'.

Flog house,buy ferraris and rent? Any suggestions.Must be a way to blow the tax mans potential windfall

Mick

iTrader: (1)

All they need to do is invest in a large freezer

Wurzel

iTrader: (1)

the answer is simple! the two sisters get legally married to each other, then they will be exempt from the inheritance tax as they are married.

There is no law stating family memebrs can not get married is there?

OllyK

I think you'd fall fowl of a thing called incest

Geezer

I haven't looked, but do the incest laws only prevent brothers and sisters marrying, or just siblings? When they were drawn up, same sex marriages were not even considered, so it may be a loophole? Afte all, lesbianism was not a crime in the UK thanks to Queen Victoria (not that she was a tuppence licker mind)

Geezer

Gymbal

As long as they are lesbians they would be fine.

stilover

He has wars to pay for.

He has yet to heal the earth, which he tells us the British tax payer is happy to pay for.

He has NHS Doctor (lets give each other huge pay rises) contracts to pay for.

He has the 2012 Olympic Games to pay for (at least 3 times what he said it would cost) that again he informed us that the British tax payer wants to pay for. Why? so it will benefit businesses in London

Get rid of all the above, and chuck out all asylum seekers, failed asylum seekers still living here, blow-up the tunnel from where most are coming through, and give money to the NHS to pay for treatments and not to new contracts, and the UK would be far better off.

Maybe then we'd be able to get rid of inheritance tax.

OllyK

Laws were updated by Blunkett in 2004
BBC NEWS | UK | New UK sex laws come into force

Leslie

How can two sisters commit incest?

It is important to the moneygrubbers of course that in the first place they want the money and secondly they don't like families and are actively destroying familiy life as we once knew it.

Les

OllyK

(in·cest) (in¢sest) [L. incestus impure] sexual intercourse or other sexual activity between persons so closely related that marriage between them is legally or culturally prohibited.

davyboy

Would pics help?

stilover

Yes !!!!!!!!!!!!!!

........ Sat waiting for davyboy to post some porny pics ..........

lozgti

Oh gawd...It was a part serious thread about the best way to dispose of your cash in their situation...


Pictures of 80 year old lesbians will ruin my lunch

Hasn't anyone got any good ideas as to what they could do? The law is nuts in this country

OllyK

Unless they are your relatives and you're due to cop the lot, why are you worried?

lozgti

Because the whole thing is appalling.What if you lived with your brother all your life,he dies,you have to flog your home to pay the government a wedge of cash because your sibling relationship is deemed a lower category than this

"The judges accepted the Government’s case that the inheritance tax exemption for married and civil partnership couples had a legitimate aim, "namely to promote stable, committed heterosexual and homosexual relationships by providing the survivor with a measure of financial security after the death of the spouse or partner".

I also care (believe it or not) about the prostitutes murdered though I don't know them either so it shouldn't affect me

I care about the people blown up in Iraq every day.I don't know them either but it makes my blood boil too.

The Snug Rhino

its a complete non issue.....two old ladies, one dies the other is now in a house worth £900k.....a downsize or equity release will easily deal with the issue of the tax due.

and, in the long term, a spouses excemption wouldnt help them anyway as one would just end up with a £900k estate anyway.....in fact, the last thing they should be doing is leaving their halfs to each other - why give someone with little life expectancy a huge load of money?

they needed a good IHT adviser 15 years ago not some lawyer that wanted to take on HMRC.

The Snug Rhino

"nheritance tax should be abolished. Maybe a first step is abolish it on the 'primary home' (which is where most 'ordinary' people fall foul of it!)"

Do they? 5% of deaths are subject to IHT.....hardly "most ordinary people"

Jay m A

iTrader: (2)

Since they've lost the case I'm sure the lawyers bill will accelerate the issue!

jonc

Perhaps they could sell their house to a close relative for 1p and that relative allows them to stay there as "tenents". The neither would get stung by stamp duty either or inhenritance tax. Not sure about the capital gains tax though...

The Snug Rhino

selling a house for 1p worth £900k is also know as a gift of £899,999.99 = no use at all for IHT.

Wurzel

iTrader: (1)

Again the answer is simple just get married but don't engage in sexual activities, which should not be hard bearing in mind neither of them are lesbian.

Failing that Incest is best, a game for the whole family