
Originally Posted by
BoristheBiter
For any of this to work they would have to change the trust laws.
All you need to do is lock it up in a trust and you will not pay CGT as you don't own it the trust does.
Just like if you own a business, the business owns everything so pays for everything so pays less company tax because of low profits, you don't need much as the company pays for everything so you pay yourself a small wage and in doing so pay less tax.
See us rich pricks already know how not to pay tax so won't make a damned bit of difference all this will do is target middle income family's that are supposed to be labour voters anyway.
wouldnt the trust pay the CGT?
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Knowledge is realizing that the street is one-way, wisdom is looking both directions anyway
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