Dumbstar
We got another woman hater here.
I didn't know which forum to put this in or to use the Economics thread, so I've created this one from a social effect perspective. In other words, how the heck do I avoid it since Sunak is about to drop a one off stinker on us vulnerable middle class.
So I'm at a stage of my life where I have worked hard, paid every penny of tax since uni and I'm sure a bit more, got my parents to sell up to contribute to our current (and only) abode of which the mortgage is nearly paid, and in which they live too. I also have some pension built up, nothing I could comfortably live off when I retire unfortunately. However the number is big enough to affect my illiquid 'wealth'.
I've used a wealth calculator and I will be due a tax bill of a few thousand if Sunak goes ahead with the 500k band. What the feck is he thinking? I'm not rich because I have a house worth over 400k. If I sell it yes I'll be rich but then my elderly mum and my four kids will also be on the street.
So anyone with their finger on the pulse know how serious he is with this? There is one get out for me if I put my wife as joint tenant but is it too late for that now?
So I'm at a stage of my life where I have worked hard, paid every penny of tax since uni and I'm sure a bit more, got my parents to sell up to contribute to our current (and only) abode of which the mortgage is nearly paid, and in which they live too. I also have some pension built up, nothing I could comfortably live off when I retire unfortunately. However the number is big enough to affect my illiquid 'wealth'.
I've used a wealth calculator and I will be due a tax bill of a few thousand if Sunak goes ahead with the 500k band. What the feck is he thinking? I'm not rich because I have a house worth over 400k. If I sell it yes I'll be rich but then my elderly mum and my four kids will also be on the street.
So anyone with their finger on the pulse know how serious he is with this? There is one get out for me if I put my wife as joint tenant but is it too late for that now?