How would it work on a practical basis? These are fairly basic questions that I've not heard answered yet:
- how do you accurately value an asset?
- is the tax annually recurring on the same asset?
- if the asset value goes down, is the tax paid previously reversed?
- what assets would be included/excluded, everything, or only land and property?
- or is it a form of heightened stamp duty, one time?
- stocks and shares included, or exempt because you pay tax when you sell profitably?
- when you sell the asset, is the wealth tax paid deducted from the capital gains tax due...
- if the person has the assets, but not the cash flow (ie they inherited an asset rather than cash), would they be forced to sell the asset to pay the tax bill?
- what if they couldn't sell the asset, would it be deemed value-less, and therefore no tax bill due...
Just some basic questions, and I'd genuinely like to hear some responses to these 🙏🏼🙏🏼 otherwise it's surely a non starter, and in that case it's just another decisive "blame them" campaign to distract everyone from something else.
@TheMiddleStump Sounds really good, until they play on puddings and the bowling sides get on top. Although high class bowling is a pleasure to watch to the avid cricket fan, kids want to watch 6s be hit out of the ground so even though it sounds great it doesn’t work
Picture the scene.
Leicester to go on a run of bad form and drop out of the autos. Coventry keep climbing and secure a play off spot.
After some semi-finals we're left with an out of form and utterly terrified Leicester up against the mighty sky blues.
London is filled. The green man is filled. Beer is flowing and the sun is shining.
You write the rest of the story...
#PUSB 💙