Quote from: Fjell on April 29, 2021, 02:00:51 pm Inheritance tax is the third rail in the UK, it evokes primal fear that it would apply to the majority.People think it's just "the rich" that get stung by it but these days with house prices, you can easily find an estate going over the threshold if you're not mindful of it. Since we've mentioned Ranmoor and property, my Gran owns a very nice 5-bed semi there close to the parks that's been home since well before I was born, and a few years ago she looked at its value and considered what would happen to her children if she died suddenly. She went for equity release (in the form of an interest-only mortgage) to reduce the value of the property and hence the net value of the estate, and I guess that will be continued if the term is up while she's still with us.
Inheritance tax is the third rail in the UK, it evokes primal fear that it would apply to the majority.
Welsh policy decisions must complicate maters even furtherhttps://www.dailymail.co.uk/news/article-9587281/Plans-six-family-homes-North-Wales-blocked-fears-harmful-Welsh.html
In a capitalist country, work hard, earn money, spend it on what you like? Isn't that how it's supposed to work? I'm pretty sure local authorities do have various levers they can pull to reduce the number of 2nd homes/ holiday lets in a region, but preventing quality development because an 'outsider' is more likely to buy it really is scraping the nimby barrel. In fact, it is blatant and open racism. It is also says a lot of their view of Welsh speakers that they think they can't afford a nice house.If the schools are Welsh language, or at least teach Welsh language, the kids of the 'wealthy incomers' will learn Welsh and likely the parents will pick it up too. I have a Polish mate in South Wales, who speaks better Welsh than most Welsh people, having learnt since moving there. Should he have been blocked from moving by local planning policy???
It's difficult. I understand the argument that limiting development that may be exploited by wealthy incomers is nimbyist (therefore bad). On the other hand, allowing an existing (fragile) community to be diluted by large numbers of people from outside may be deleterious. What would you say about a proposed holiday development in the upper Amazon among the Yanomami? I accept that the is an extreme example, but it illustrates the point.
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