August 14th, 2012

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 – rememberClick 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…


29 Comments

  1. 1
    FFS says:

    Wondering what kind of sad old Fart would give money to Political parties….

    Like

    • 4
      Tristram Smallbore-ffipps says:

      I am still trying to figure out why the Tories have an inheritance tax scam when Belize does not have any inheritance tax.

      Like

    • 5
      I Remember You Hoo says:

      The kind of fart who wants to buy influence and political parties to adopt certain lucrative ( for some ) policies?

      Like

    • 13
      Lord Ashcroft says:

      err…me!

      Then I can make sure that favourable legislation makes me even more £squillions!

      Like

    • 21
      Sandals says:

      The Lib Dems are basket cases, not charity cases.

      Like

    • 22
      Clapham Commoner says:

      Presumably the “meeting with Tim Farron” is after donors pass away, in order to maximise revenues?

      Like

  2. 2
    Moussa Koussa says:

    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.

    Like

    • 9
      Nicholas Beaumont-Dark says:

      Thank fuck no one mentioned me and the level 4 kiddie porn!

      Like

      • 11
        Dave says:

        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!

        Like

      • 12
        Moussa Koussa says:

        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.

        Like

      • 19
        call me Dave says:

        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!

        Like

      • 25
        National Socialist says:

        Can’t see this on the BBC website. Bloody Tory Party supporters

        Like

    • 14
      The Direktor of Plitically Krect ‘n Konvenient Troof at the Brown Bullshitting Corpse says:

      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.

      Like

    • 24
      National Socialist says:

      + £9.5bn

      Like

  3. 3
    illogical says:

    Charity begins at Huhne?

    Like

  4. 6
  5. 7
    Anonymous says:

    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.

    Like

    • 16
      screw the lot of them says:

      He doesn’t understand that despite their very slight differences in approach they are all utter bastards.

      Like

  6. 8
    Silly season strikes says:

    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?

    Like

    • 10
      Elsie Beattie (83 and a quarter) says:

      Maybe, after spending three hours gelling his hair, he didn’t have enough time for research, dear.

      Like

  7. 15
    Gordon Brown says:

    I agree with Nick.

    Like

  8. 17
    albacore says:

    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

    Like

  9. 20
    Sir William Waad says:

    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.

    Like

  10. 26
    ed martin says:

    meanwhile the financial legacy of a half-century’s political irresponsibility is bequeathed to the nation

    Like

  11. 27
    Jimmy says:

    You should probably leave this stuff to people who understand it.

    Like


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John Mann tells the Today programme:

“It was horrendous, it insults people like me, it insults the people I know ,my friends and family, Labour voters across the country. White vans, England flags, are Labour values, and pretty routine Labour values for most of us. It’s embarrassing for him and for the Labour party. It shows that somebody was rather out of touch with most parts of the country, and with Labour voters and Labour values across the country.”



Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.


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