Farage hypocrisy?

[malumbu]

Skillful avoiding of stamp duty by our Nige.  The true patriot.

Not a recent story but I am enjoying the Mirror's current campaign

 He was rather unpleasant when being interviewed by Kuenssberg yesterday.  

https://www.mirror.co.uk/news/uk-news/hypocrite-nigel-farage-didnt-pay-35858834

 

Edited Monday at 22:11 by malumbu

[malumbu]

More dirt

https://www.bbc.co.uk/news/articles/ce845w70g0yo

[vladi]

Dishing the dirt is generally fine when it comes to politicians and in Farage's case he often deserves it but  nothing illegal  has been done.

It is not illegal for him to give his partner a sizeable amount of money with which to buy a house and have it registered in her name. He is 64 years old and his partner is 16 years younger and so he most likely is making plans to minimise IHT. There is a sliding scale for IHT but basically a gift is free of IHT if the gift is made 7 years before the donor dies.

Farage is 64 years old and his partner is 16 years younger. In 7 years time, if he lives that long, he will be 71 years old. Given that he smokes like a chimney and drinks like a fish, his odds on getting beyond 71  years may be pretty slim. 

A similar  process is followed by the "bank of mum and dad"  where parents  give money to their kids to fund purchase of a property. Many who are not cash rich will mortgage their home and so release equity to fund their kids property. We did it as have many of our friends.

 

[malumbu]

Still makes him a hypocrite playing the system.

[vladi]

If you are referring to his comments about  Angela Rayner's dishonest declarations resulting in evasion of tax on her purchase of the flat in hove, then there is no hypocrisy on Farage's part.  He funded the purchase of a property in his partner's name.

This is 100% legitimate and makes good sense in terms of reducing IHT liability in the future - given their respective ages and individual wealth. Rayner's action was "evasion" which is illegal. Farage's action was "avoidance" which is 100% legitimate.

 

[malumbu]

He played the system.  He deprived the government of money that could be spent on the country.  Whether wisely or wasted.  It (Farage) makes me feel sick.  How could anyone who believes in society and contributing according to their means not agree?  

Edited 17 hours ago by malumbu