1803 days ago
I start with a comment on the amazing generosity of one person donating more than £11,000 to Rogue Bloggers for Woodlarks yesterday. It was not Neil Woodford though I did ask. Anyhow: to the 75% of you yet to donate think of me this weekend on a) my last training walk ahead of 33 miles next weekend and b) entertaining a visiting mother in law. As you think of my weekend, please donate HERE. In the podcast I discuss Woodford’s latest bad news, Maistro (MAIS), Blur as was, UK Oil & Gas (UKOG) and Staffline (STAF). I also offer advice to Andrew Monk on which 1 AIM stock he should buy today for his mother’s IHT Portfolio.
1953 days ago
Inheritance tax is a wicked double dip tax on the prudent which a real conservative Government would scrap. But until Pritti Patel MP sweeps to power we must try our best to minimize its impact. One way to do this is by investing in certain AIM stocks which are IHT exempt, for reasons I fail to comprehend. You want shares that will, at least, hold their value and Robert is your Mother's Brother. VSA boss Andrew Monk and his fund manager brother have devised such a portfolio for their mum.
2236 days ago
In today's bearcast I look at the writings of Ian Cowie in the Sunday papers and his cunning scheme to avoid IHT by losing all your money and his patronising view that journalists know better and can be trusted. A bit like Estate Agents and MPs then? I then discuss Luke Johnson's view that we are celebrating the business woes of Jamie Oliver because we envy him. Luke is not all wrong but overlooks the fact that Oliver is a patronising A grade A'hole.
2466 days ago
Abi Wilkinson is a freelance journalist based in London writing about politics, inequality, gender, popular culture, and anything else that takes her fancy. She normally writes in the Guardian which likes articles about gender ( fluid, natch) and politics as long as they involve money tree worshipping and or/smashing the even half rich. Abi's latest piece really is peak stupidity in thus summer of left wing madness. Abi reckons that what we need is a 100% inheritance tax.
2937 days ago
In order to persuade us all that he has done nothing wrong David Cameron has published his tax papers going back to 2009. The only problem is that they demonstrate explicitly that he avoided paying tax ( £70,000of tax) by a legal sleight of hand. You and I would not only have not known about that trick but also not been in line to inherit the sort of vast sums that Cameron and his sisters inherited. We are the little people. We pay taxes at normal rates.
Cameron's old man left him £300,000 direct. That woukd be £300,000 of money from the Blairmore Trust where returns were increased by not having to pay tax becuase it was based offshore. And that money went to Call Me Dave tax free.
Most of Cameron's old man's cash went to Cameron's mum ( that would also be offshore cash as per the Panama Papers).
A few months after CMD picked up the £300,000 ( tax free because it was under the £325,000 IHT exemption limit), Mrs Cameron senior handed CMD
3146 days ago
It is all very well to ridicule the Daily Telegraph’s top ten AIM shares to buy to dodge IHT as I did yesterday HERE but could you do any better asks a reader. Possibly not, I don’t really like the AIM Casino but I am always up for a challenge so here goes.
The list below is my basket of ten – I hot link each one to our coverage here on ShareProphets which is in some cases fuller than other. Three are in there since we own them and thus it would be odd for me not to include them ( that is 1-3). The others are there with capital preservation (this is IHT dodging we are talking about) in mind although I hope for dividends and growth from the lot.
3147 days ago
The Daily Telegraph has a cunning wheeze for its readers to avoid Inheritance Tax – buy AIM stocks. In fact this is a double wheeze. Not only are these IHT free assets but the Torygraph has selected a top 10 which seems guaranteed to smash the value of your estate. It is ‘avin’ a bubble with its top 10 dogs, oops I meant AIM Casino shares to buy.
