PeteMorris Posted April 12, 2015 Share Posted April 12, 2015 (edited) Having heard the tory plan to waive inheritance tax for homes worth under 1 million, I can help thinking it's yet another CON....(quite apt for the Conservatives)... Is that 'after' the council have forced you to sell it to pay for your care? Edited April 12, 2015 by PeteMorris Link to comment Share on other sites More sharing options...
hackey lad Posted April 12, 2015 Share Posted April 12, 2015 I thought it was up to 1 million , not over Link to comment Share on other sites More sharing options...
Anna B Posted April 12, 2015 Share Posted April 12, 2015 Having heard the tory plan to waive inheritance tax for homes worth over 1 million, I can help thinking it's yet another CON....(quite apt for the Conservatives)... Is that 'after' the council have forced you to sell it to pay for your care? That's just what I thought. I loved Cameron's comment 'When people have worked all their lives and invested in their homes they should be able to leave them to their children.' So let's give rich people help to do just that. Doesn't apply to ordinary people who have to lose their home to pay over inflated charges for care homes. Link to comment Share on other sites More sharing options...
PeteMorris Posted April 12, 2015 Author Share Posted April 12, 2015 That's just what I thought. I loved Cameron's comment 'When people have worked all their lives and invested in their homes they should be able to leave them to their children.' So let's give rich people help to do just that. Doesn't apply to ordinary people who have to lose their home to pay over inflated charges for care homes. I agree entirely, and it just riles me to think that they think people are so blind that they won't see that this promise actually means nothing.... Even if you have a home worth 1 million or less...The chances are, that one or the other partner will die first...(they won't die on the same day)...and someone will have to look after them...So the council will force them to sell it, to pay for their care.... Link to comment Share on other sites More sharing options...
JFKvsNixon Posted April 12, 2015 Share Posted April 12, 2015 I agree entirely, and it just riles me to think that they think people are so blind that they won't see that this promise actually means nothing.... Even if you have a home worth 1 million or less...The chances are, that one or the other partner will die first...(they won't die on the same day)...and someone will have to look after them...So the council will force them to sell it, to pay for their care.... Do most people end up going into a residential home when they get older? Link to comment Share on other sites More sharing options...
PeteMorris Posted April 12, 2015 Author Share Posted April 12, 2015 Do most people end up going into a residential home when they get older? Yep...there's a good percentage that do, that don't have a house worth over 1 million...Maybe you're different? Link to comment Share on other sites More sharing options...
Guest Posted April 12, 2015 Share Posted April 12, 2015 That's just what I thought. I loved Cameron's comment 'When people have worked all their lives and invested in their homes they should be able to leave them to their children.' So let's give rich people help to do just that. Doesn't apply to ordinary people who have to lose their home to pay over inflated charges for care homes. This proposal is for homes UP TO not OVER 1 million. So its the vast majority of home owners with modest properties that will benefit from this. Link to comment Share on other sites More sharing options...
Anna B Posted April 12, 2015 Share Posted April 12, 2015 This benefits people in the south east, and very few others in the rest of the country. But then Cameron doesn't think anyone exists beyond Watford gap. If it was up to him he'd build a wall right across to keep out the Picts. Link to comment Share on other sites More sharing options...
hackey lad Posted April 12, 2015 Share Posted April 12, 2015 as I said earlier, but no, lets use misinformation for a bit of tory bashing Link to comment Share on other sites More sharing options...
JFKvsNixon Posted April 12, 2015 Share Posted April 12, 2015 Yep...there's a good percentage that do, that don't have a house worth over 1 million...Maybe you're different? You do know the idea is for people who's home is worth under £1 million not to pay tax! Also, of all my elderly relatives and and the relatives of my friends that I know, I only know one who is in a full time care home. So I'm not sure that it is all that common. ---------- Post added 12-04-2015 at 18:47 ---------- This benefits people in the south east, and very few others in the rest of the country. But then Cameron doesn't think anyone exists beyond Watford gap. If it was up to him he'd build a wall right across to keep out the Picts. Why wouldn't it benefit someone here in Sheffield? Link to comment Share on other sites More sharing options...
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