mannycalavera to UK Politics · 14 days agoPembrokeshire Labour MP's family transferred farm before tax rule changeswww.bbc.comexternal-linkmessage-square7fedilinkarrow-up110arrow-down10
arrow-up110arrow-down1external-linkPembrokeshire Labour MP's family transferred farm before tax rule changeswww.bbc.commannycalavera to UK Politics · 14 days agomessage-square7fedilink
minus-squaregalmuthlinkfedilinkarrow-up2·14 days agoI was aware of the 7 year rule, but I believe the new tax rate would apply at the time of the death, rather than retrospectively applying the rate from the time of the gift. I could be wrong though.
minus-squaremannycalaveraOPlinkfedilinkarrow-up2·14 days agoShh no I’m probably wrong. Haven’t read enough about it.
I was aware of the 7 year rule, but I believe the new tax rate would apply at the time of the death, rather than retrospectively applying the rate from the time of the gift. I could be wrong though.
Shh no I’m probably wrong. Haven’t read enough about it.