Really weirdly, a picture of me from a story I wrote in *checks notes* July 2024 is being used to promote some finance bro AI slop.
In case it is not incredibly obvious I didn't agree to this use of my image and I don't want anyone to think I am promoting this (imo) garbage.
Story in @Telegraph this evening: Prince and Princess of Wales paid £42k stamp duty on Windsor home.
Agreeing to pay rent (so that the comparison to former Prince Andrew is less) = tax bill, because rent is more than £125k.
With thanks to @DanNeidle
https://t.co/P3Yku5NfAs
Rachel Reeves is poised to introduce a 22pc charge on interest earned from cash held in a stocks and shares Isa, under reforms to take effect next April.
Savers under the age of 65 will have their cash Isa limit cut to just £12,000 from April 6, 2027, although they will retain their full £20,000 Isa allowance via a stocks and shares Isa 👇
https://t.co/WC0n9rBua3
Exc: Green Councillor Baggy Kahn (of rented Lamborghini fame) runs a business with an alleged fraudster.
His school friend (and business partner) Mohamed Amin Atcha was named in my court papers for a $2.7m fraud…
https://t.co/6ap4go4z4C
The lax treatment of Angela Rayner by HMRC has brought into focus how arbitrary the tax authority can be in its treatment of ordinary citizens.
Too often, HMRC has pursued individuals and small businesses for vast sums of money in error. HMRC are masters of using process as punishment, making themselves increasingly difficult to contact while torturing people with demand letters and bankruptcy notices.
Victims of these errors are often forced to spend huge amounts of time and money to prove HMRC wrong. This sometimes runs to hundreds of thousands of pounds in legal fees, many times the actual amount in dispute. They also find their names and details published in a list of deliberate tax defaulters, in effect a "name and shame" list.
I have to question whether this meets citizens' privacy rights, since these do not appear to be court rulings but HMRC opinions.
HMRC's excesses must be brought under control. It is time ministers took a grip of this.
https://t.co/cJIQYyUE0e
Best and worst case scenario...Homeowners who thought the heady rates post the mini budget were behind us could find themselves replaying the same scenario if Trumpflation persists. Some who fixed in the hope that rates would have improved by the time they came to renew will find themselves back where they started. For others, who put off buying due to affordability issues and looked to the 2026 horizon for rate motivation - now find themselves forced to shelve their plans to move, once again. The only positive for buyers is house prices could further fall but for those who need to sell this could dampen their onward dreams.
The Bank of England estimated that an inflation spike of "6.2pc and a Bank Rate of 5.25pc, which would result in mortgage rates of around 6.75pc. This @MoneyfactsPress calculated would add "£3,380 a year to a £250,000, 25-year mortgage." @journomadeleine@Telegraph https://t.co/qfnQyYRlHd
I had a dig through the responses to the consultation on the draft leasehold bill.
It's safe to say everyone has *opinions* and almost all of them are conflicting.
Will be impressive if the Government manages to chart a course through all of this.
https://t.co/0C2jsBfdq8
Overseas investors who bought shares in companies that own homes in the UK, predominantly in London, will pay the mansion tax on top of the Annual Tax on Enveloped Dwellings they currently do. For those with properties worth £20m plus this could amount to £303,450 - I think we can safely say that this won’t be affecting the majority but the few. There is currently zero incentive to keep international money or minds in the UK @journomadeleine@Telegraph https://t.co/rRzqjKuPU2
The high-value council tax surcharge was really not thought through. A classic example of a politically driven tax policy which has created unnecessary complexity in our tax system and friction in the property market via @Telegraph@journomadeleine
https://t.co/KaNIemWtZk
In @Telegraph today: HMRC loses £425,000 tax battle over luxury Christmas hampers
With thanks to @maxschofield for his help on this one.
https://t.co/a6xYJWqc3Q
Finally: some land near London that is properly affordable
("Seller doesn't occupy the property and has little knowledge of it")
https://t.co/VqyLhuIJAi
‘Help! I’m 35, earn £25k and I’ve lost control of my spending’
A Money Makeover with an interesting question in The Telegraph today.
https://t.co/UbJzWuK1Zz
'More people, more companies paying more tax, that's more money for the Treasury.'
Money Reporter at The Telegraph Madeleine Ross, explains analysis which revealed the UK Treasury is seeing a £20million daily boost to revenues as a result of the Iran war.
"Labour rejects calls to give families more time to pay pension death tax bills"
Having helped administer a very simple estate (which took months), I can't imagine the nightmare that this is going to be...
https://t.co/3gvk8DjFST