LibDems Offer Tax Avoidance Legacy Scheme
Back in July Guido revealed how both the Tories and Labour were advising their donors how to avoid tax through controversial inheritance schemes. Now it appears the LibDems have followed suit. Right at the beginning of this year’s conference guide yellow benefactors are encouraged to sign up for their new “legacy fund campaign“, where donors “leave a sum of money or a share of your estate to the Liberal Democrats“. Generous participants even get the chance to meet Tim Farron…
The LibDems have been slightly more subtle than their Coalition counterparts – remember “Click here to see how a gift to the Conservative Party can reduce your inheritance tax bill” – but it would appear that the boundary reform busters are up to the same trick. They note that “legacy income provides an important part of the funding for most major charities, and so it should for us too“, hinting that they will take advantage of inheritance tax loopholes to help their donors avoid tax. What was that about morally repugnant…
Wondering what kind of sad old Fart would give money to Political parties….
I am still trying to figure out why the Tories have an inheritance tax scam when Belize does not have any inheritance tax.
The kind of fart who wants to buy influence and political parties to adopt certain lucrative ( for some ) policies?
err…me!
Then I can make sure that favourable legislation makes me even more £squillions!
The Lib Dems are basket cases, not charity cases.
Presumably the “meeting with Tim Farron” is after donors pass away, in order to maximise revenues?
LOL. Dispatches… Gap Year Media Study Student Documentary Programme…..Just like Sky News ….no one watches it.
Has Tory HQ sent you their list of required distraction threads for today. The ones to avoid are :-
• Inflation on the rise
• Hopeless Hammond admits “Public” good, “Private” bad.
• Mongo May at the helm
• House prices tumbling
• Train fare mega price hike
• Toby Young talking shite 24/7
• Iain Dale, Gary Barlow and Guido = Tax avoiders via schemes.
Thank fuck no one mentioned me and the level 4 kiddie porn!
Apply for a Lottery grant, from the little people, and you too could ‘Go for Gold’ with a Level 5! The Cabinet calls it Bungs for Buggery!
G_d, I love this country! The people are spazzers!
Indeed….shhhhhhh
Nicholas Beaumont-Dark, the son of Sir Anthony Beaumont-Dark. Anthony was the biggest Thather clit licker in the Midlands, like father like son…Pure scum.
You have the photographs?
The 50-year-old married dad-of-three, of Vicarage Hill, Tanworth-in-Arden, is the son of the outspoken former Conservative MP, who represented Selly Oak between 1979 and 1992, and who died in 2006.
Nicholas Beaumont-Dark, who worked as a stockbroker, appeared at Warwick Magistrates’ Court, in Leamington, to face eight counts of making indecent images of children.
Give him a second chance!
Can’t see this on the BBC website. Bloody Tory Party supporters
Darrhhhlings! Time to ease up knocking Cameron! He might just be replaced by someone who knows what he’s doing and break us up!
But keep pushing for more licence fees – can’t do any harm! The dear is unquestionably credulous enough to grant them.
+ £9.5bn
Charity begins at Huhne?
Jamie Reed insults mos voters > http://kebabtime.blogspot.co.uk/2012/08/labour-double-standards.html
Guido, this is just sloppy reporting by you. Gifts to political parties that got two seats, or one seat and 150,000 votes, at the last election are exempt from inheritance tax by statute. No clever schemes are required.
The real question is, should this exemption exist? Obviously not – it is a subsidy to unnecessary clowns. But please campaign on that, rather than pretending that there is tax dodging going on.
He doesn’t understand that despite their very slight differences in approach they are all utter bastards.
Gifts and bequests to political parties are exempt from inheritance tax by statute (s.24 Inheritance Tax Act 1984) povided certain conditions are met. This isn’t about abusing charity reliefs or some such scam. Didn’t you do any research?
Maybe, after spending three hours gelling his hair, he didn’t have enough time for research, dear.
I agree with Nick.
Don’t the LibDems attract only brain-dead
Or the bewildered that are off their head?
That may explain the Lib-Tory affair
As tits, they make such a great, cosy pair
It’s not a tax loophole. The IHT exemption for legacies to political parties was enacted by Parliament expressly to encourage such gifts, the scrounging bar-stewards.
We’re all being rooked.
meanwhile the financial legacy of a half-century’s political irresponsibility is bequeathed to the nation
You should probably leave this stuff to people who understand it.
any names to suggest?
Probably.