The spectre of a no confidence vote...

[medsec222]

Assuming you manage to avoid the dreaded care home scenario Frank, and keel over while watching TV or the like, the majority of us with a modest home and modest savings can usually escape death duties as the law stands at present and can pass these on to the family. Have I got this wrong, but hasn't Jeremy come up with a plan to abolish the present form of inheritance tax and introduce a new tax starting from around £125,000. Most family homes would fall into this bracket and it would be quite a big difference in tax law if he managed to get this on the statute book.

[Workingman]

Sorry Meds, but I am not sure which Jeremy you are talking about - Hunt or Corbyn.

I could possibly see Corbyn going for the £125,000 deal because of his political ideology, but I can find no evidence for him doing so. It would be political suicide and he's not daft. Not all Labour supporters are on min wage and live in sheds, despite the media hints.

Hunt? He's a Tory, it makes no sense whatsoever for him to go for a £125,000 IT cap. If anything he and BoJo would up the IT threshold to protect their rich mate's capital assets, something like £1 million or more.

Hunt - Johnson, Johnson - Hunt on this makes no difference, but on other matters Larry the No10 cat wins hands down, sadly he's not in the vote.

[TheOstrich]

Sorry Meds, but I am not sure which Jeremy you are talking about - Hunt or Corbyn.

Corbyn. Not one of his better policies …..

https://www.dailymail.co.uk/news/articl ... adder.html and numerous other sources.

[medsec222]

Sorry Frank - I meant Corbyn. I had forgotten about Jeremy Hunt!

[cromwell]

It is certainly a period of flux, as they say. All the main three parties have leader problems. The Conservatives are replacing their leader, the vast majority of Labour MP's are longing to replace their leader and the LibDems are also starting the process to replace Vince Cable with either Ed Davey or Jo Swinson.
I have heard of Corbyn's property tax. We're tenants in common with our children so I don't know how it might affect us.

Meds, an old acquaintance of mine is worried by the care home trap. He's a few years older than me, never married and still lives in the house he grew up in with his mum. He bought the house (council house) when the opportunity came up and has put money into it since. Big problem - the house is in his mum's name, even though he paid for it. So now he's worried because it looks like his mum is going to have to go into care, and the vultures will be after the house for sure. So he's worried about being put onto the streets.

[Workingman]

FFS Cromwell, what a terrible position for your mate to find himself in. It just shows how much us mere mortals need help with these complex issues. It's not just about hard cash, there are all sort of peripheral issues that can screw even the best plans up.

It very much sounds as though your friend needs help - and sharpish. I bloody well hope that he has not left things too late.

[TheOstrich]

The trouble is that's an incredibly common scenario nowadays, Crommers, and it's been like that for years. My M & D put the family home in my S's name (she was their primary carer) a good 25 years or so ago because they were worried about that self-same problem. And even back then, it was thought that the local council could overturn that move.

In the name of "Austerity", the Government will not / cannot fund elderly care; it has to be paid for somehow, and sensible forward planning to mitigate the effects / anti-avoidance measures (you choose) have to be combated.

It's a horrible thing to contemplate, but given a choice between a care home or euthanasia ……

[jenniren]

Crommers is your friend a pensioner? If so he's entitled to stay in the house.

[Workingman]

Going back to the no confidence thing....

Gina Miller, remember her, has sent legal papers to Johnson warning that he will be taken to court if he tries to prorogue parliament. There are few details but she has said that to prorogue would be "an abuse" of powers and that she wanted to "defend Parliamentary sovereignty",

Meanwhile Priti Patel said it was "not acceptable" to use the courts to try to tie the hands of MPs, but she was all for stopping those same MPS accepting a no-deal Brexit against their wishes by preventing them from holding a vote of no confidence in the prime minister / government.

It is all making my brain hurt, and it risks embroiling the Queen in a constitutional crisis.

[cromwell]

Crommers is your friend a pensioner? If so he's entitled to stay in the house.

He is Jen. I'll tell him when I see him.