Cameron inheritance tax

Seen something in the newspaper, on the news channels or elsewhere? This is the place to share.
User avatar
Lorrimor
Site Support
Site Support
Posts: 1518
Joined: Fri Apr 26, 2013 12:51 pm
Favourite Season: More than one
Location: Bexley, Kent
Has thanked: 296 times
Been thanked: 785 times

Cameron inheritance tax

Post #1 by Lorrimor » Sun Apr 10, 2016 11:00 am

Cameron faces fresh row over mother's £200,000 gift

David Cameron faced a fresh row over his personal finances after it was revealed that he had been given a £200,000 gift by his mother following his father's death which could potentially avoid inheritance tax.


A couple of head lines from his morning which are starting to annoy me to be honest with their unfactual reporting.

Basically David Camerons mother gifted him two payments of £100 000 after his father died and this is being taken as him avoiding inheritance tax.

First off the money came from his mother so its is nothing to do with his father's estate. Therefore no inheritance tax is due on it unless she dies within 7 years of the gift being made. If she does then tax will be payable on it, if she does not no tax is due.

This is perfectly legal and honestly I can not see what the problem is; are we saying that parents should not be able to give money to their children?

This is also a good article regarding off shore accounts :

http://www.forbes.com/sites/timworstall ... e8aa932a0d


This topic has 9 replies

You must be a registered member and logged in to view the replies in this topic.


Register Login
 

Return to “In the News”

Who is online

Users browsing this forum: No registered users and 3 guests

UK Weather Watch - Forum : Disclaimer