According to the article, changing the badly drawn up will, could have saved them up to £100,000 had the law not changed subsequently in their favour.
What happened in 2007, after the Deed was created is a red herring.
"could have", except Mrs Miliband has had 20 years to arrange her own affairs and mitigate her IHT liability to zero, if possible, irrespective of the favourable changes in the Finance Act 2008, and irrespective of the Deed of Variation.
I still maintain that bringing up tax avoidance will not do Dave any favours. His father was one of the "inventors" of this new form of offshoring, and was one of the first off the mark when the Blessed M fired the starting gun.
[If in their right mind] they simply take advantage of the numerous reliefs created by Parliament to mitigate any potential liability, all the way down to zero.
Ed's energy price freeze ends with higher prices that the companies are unwilling to bring down.
More recently Ed's "Cost of Living crisis" has tipped us into deflation!
He really has the negative Midas touch!
In EdWorld deflation is 10 times worse than a cost of living crisis. In fact in EdWorld whatever happens next is 10 times worse than what went before it even if it is what you wanted in the first place.
[If in their right mind] they simply take advantage of the numerous reliefs created by Parliament to mitigate any potential liability, all the way down to zero.
Far better than the disgusting Daily Mail front page. In fact the Daily Mail headline itself is fair political game, Ed didn't avoid tax but the facts aren't really the story... I say that for both sides of this row.
It's the use of that picture in relation to the story. It's just disgusting beyond words, especially since Nick Robinson has on his Twitter account that he's not quoted anyone. Nick's made a genuine slip up there - the front page use of her picture as a political football is something else completely.
Nick Robinson has on his Twitter account that he's not quoted anyone. Nick's made a genuine slip up there - the front page use of her picture as a political football is something else completely.
Telegraph are contradicting Nick Robinson's backing the truck up weaseling and pointing the finger directly at Tom Baldwin. However, to be honest, the whole thing is extremely unpleasant, and totally agree with your comment. No need for the picture, the words of the family lawyer is more than enough.
[If in their right mind] they simply take advantage of the numerous reliefs created by Parliament to mitigate any potential liability, all the way down to zero.
Given that tax avoidance seems to be defined as doing anything so that one's charge or assessment to tax is not maximised, the deed of variation was clearly executed with the intent to avoid inheritance tax in the future. That is not to say that it may not have reduced charge to inheritance tax in practice in the years subsequently, or that it was not lawful or advisable. Miliband is still a rank hyprocrite.
Nick Robinson has on his Twitter account that he's not quoted anyone. Nick's made a genuine slip up there - the front page use of her picture as a political football is something else completely.
Telegraph are contradicting Nick Robinson's backing the truck up weaseling and pointing the finger directly at Tom Baldwin. However, to be honest, the whole thing is extremely unpleasant, and totally agree with your comment. No need for the picture, the words of the family lawyer is more than enough.
I'm confused why Nick would say he wasn't quoting anyone if he actually was
[If in their right mind] they simply take advantage of the numerous reliefs created by Parliament to mitigate any potential liability, all the way down to zero.
Given that tax avoidance seems to be defined as doing anything so that one's charge or assessment to tax is not maximised, the deed of variation was clearly executed with the intent to avoid inheritance tax in the future. That is not to say that it may not have reduced charge to inheritance tax in practice in the years subsequently, or that it was not lawful or advisable. Miliband is still a rank hyprocrite.
You could more persuasively say the DOV was executed simply to make use of a relief granted to Ralph by Parliament, which he had ill-advisedly neglected to use.
And, in any case, the DOV was executed by Mrs Miliband, as sole beneficiary, who is a free agent.
I don't see any hypocrisy or how such, if it exists, attaches to Ed Miliband in particular.
Another possibility is that a remark was paraphrased out of context which would explain the confusion, or it might have been an evil baby eating comment by a Labour viper.
[If in their right mind] they simply take advantage of the numerous reliefs created by Parliament to mitigate any potential liability, all the way down to zero.
Given that tax avoidance seems to be defined as doing anything so that one's charge or assessment to tax is not maximised, the deed of variation was clearly executed with the intent to avoid inheritance tax in the future. That is not to say that it may not have reduced charge to inheritance tax in practice in the years subsequently, or that it was not lawful or advisable. Miliband is still a rank hyprocrite.
You could more persuasively say the DOV was executed simply to make use of a relief granted to Ralph by Parliament, which he had ill-advisedly neglected to use.
And, in any case, the DOV was executed by Mrs Miliband, as sole beneficiary, who is a free agent.
I don't see any hypocrisy or how such, if it exists, attaches to Ed Miliband in particular.
The facts no longer matter, it's all about the smear. Following eds performance at PMQ's I wondered if the gloves would come off. It seems they have.
You could more persuasively say the DOV was executed simply to make use of a relief granted to Ralph by Parliament, which he had ill-advisedly neglected to use.
And, in any case, the DOV was executed by Mrs Miliband, as sole beneficiary, who is a free agent.
I don't see any hypocrisy or how such, if it exists, attaches to Ed Miliband in particular.
If the intent of the deed of variation was not to reduce a potential future charge to tax, i.e tax avoidance, why didn't Mrs Miliband simply assign shares of the equitable interest in the property (which she took absolutely under the first will) to her children? Although the deed may have been executed by Mrs Miliband as a free agent, neither of the children could have taken beneficially under it unless they elected not to disclaim their beneficial interest (see in Re Paradise Motor Company [1968] 1 WLR 1125 (CA), per Danckwerts LJ). The children had actual knowledge of the deed of variation and did not elect to disclaim. They are therefore complicit in it, notwithstanding that it was executed by Mrs Miliband as a free agent.
If someone uses a selfie-stick, and puts their camera on the end of one, how do they click the camera to take a photo? Even the usually-brilliant Michael Gove couldn't explain it when I asked him this evening.
If someone uses a selfie-stick, and puts their camera on the end of one, how do they click the camera to take a photo? Even the usually-brilliant Michael Gove couldn't explain it when I asked him this evening.
I enjoyed the name drop, but you can solve it easily with the timer function!
If someone uses a selfie-stick, and puts their camera on the end of one, how do they click the camera to take a photo? Even the usually-brilliant Michael Gove couldn't explain it when I asked him this evening.
Comments
No-one in their right mind pays IHT.
https://twitter.com/hulldailymail/status/565785658720276480
His father was one of the "inventors" of this new form of offshoring, and was one of the first off the mark when the Blessed M fired the starting gun.
[If in their right mind] they simply take advantage of the numerous reliefs created by Parliament to mitigate any potential liability, all the way down to zero.
Labour tax avoidance legitimate tax planning good.
Tory tax avoidance legitimate tax planning bad.
In fact in EdWorld whatever happens next is 10 times worse than what went before it even if it is what you wanted in the first place.
Far better than the disgusting Daily Mail front page. In fact the Daily Mail headline itself is fair political game, Ed didn't avoid tax but the facts aren't really the story... I say that for both sides of this row.
It's the use of that picture in relation to the story. It's just disgusting beyond words, especially since Nick Robinson has on his Twitter account that he's not quoted anyone. Nick's made a genuine slip up there - the front page use of her picture as a political football is something else completely.
shhhhhhh! It is a Left wing conspiracy and we are meant to keep it secret.
Embarrassing yes, but serious shit?
If we assume that it was a genuine mistake by Nick, it is an automatic Ed win
And, in any case, the DOV was executed by Mrs Miliband, as sole beneficiary, who is a free agent.
I don't see any hypocrisy or how such, if it exists, attaches to Ed Miliband in particular.
Just for info Thatcher is too.
Even the usually-brilliant Michael Gove couldn't explain it when I asked him this evening.