Elizabeth B

[Elizabeth B @lostinallypally]

@larterlia1957 @Fiona35352137 @thetimes Not all inherited money has been taxed previously. If it results from property price increases for example then it’s a windfall. We obviously have different views because for my part IHT is one of the better places
to tax people - you’re dead and have no need of any assets

[Elizabeth B @lostinallypally]

@GCPaulM @AudreySuffolk @simonlevans @francesbarber13 Every time they’re tested which appears to only be when they’re forced to do so ie in a court or tribunal their arguments just fall to pieces

[Elizabeth B @lostinallypally]

@larterlia1957 @Fiona35352137 @thetimes your argument. Some people may get on the property ladder as a result of inheritance but most don’t but you appear to be suggesting that taxes should be paid by those saving to get on the ladder or just on it to protect the inheritance of the few which I can’t see is jusfiable.

[Elizabeth B @lostinallypally]

@larterlia1957 @Fiona35352137 @thetimes I include someone who is asset rich as wealthy as they can use that asset to pay for their care unless their spouse is in the property in which case they won’t be forced to sell it. Of course they may want to release equity to pay for better care or more choice. I just 1/3

[Elizabeth B @lostinallypally]

@larterlia1957 @poolymacos @Fiona35352137 @thetimes And they can give away cash and assets during their lifetime without affecting their standard of living probably pay for a good care in their own home and still leave assets to their family. I doubt they will have to rely on the state in their old age

[Elizabeth B @lostinallypally]

@PaddyBriggs @jameshawes2 Charles’s visit home and encounters with his father is one of my favourite parts of the book. Mr Ryder is an awful parent but hilarious.

[Elizabeth B @lostinallypally]

@larterlia1957 @Fiona35352137 @thetimes was just luck but in turn makes it even harder for younger people to get on the property ladder. Those same people you want to subsidise the wealthy elderly 2/2

[Elizabeth B @lostinallypally]

@larterlia1957 @Fiona35352137 @thetimes So a young person saving up for a deposit to buy a house should pay taxes to pay for someone’s residential care when they have the money to pay themselves but want to pass on their wealth to their family. A lot of their wealth will derive from property price rises which 1/2

[Elizabeth B @lostinallypally]

@larterlia1957 @Fiona35352137 @thetimes Perhaps the woman who is now paying’s money will run out and then she will get it for free. What about someone who paid lots of tax but lived less frugally. 2/2

[Elizabeth B @lostinallypally]

@larterlia1957 @Fiona35352137 @thetimes Why is it a penalty to have to pay for things if you can afford it. To put it another way why is it ok for taxes to subsidise her kids’ inheritance. How do you know that the person who doesn’t have to pay has done nothing. Maybe they were in a lower paid job or fell on hard 1/2

[Elizabeth B @lostinallypally]

@Linda8772490572 @DebWils54473973 @Fiona35352137 @thetimes The real costs outside London are over £1000. I know this from a care home run by a charity. council funding has hardly risen in 15 years in real & costs have risen. councils can’t afford to pay more as their funding was cut by the coalition govt & has never been reinstated

[Elizabeth B @lostinallypally]

@Fiona35352137 @lynnery38 @xueyan94600 @thetimes The home they wouldn’t have to sell it. And I may have to sell my house if I go into a care home - if so fine. I won’t need it anymore 2/2

[Elizabeth B @lostinallypally]

@Fiona35352137 @lynnery38 @xueyan94600 @thetimes It’s completely on topic. You said it wasn’t fair that someone who didn’t have to pay got the same care as the person who did have to pay. The fact they sold their home to pay is not relevant. If you have assets - savings or home then you pay. If they had a husband/wife in 1/2

[Elizabeth B @lostinallypally]

@Fiona35352137 @lynnery38 @xueyan94600 @thetimes Then that’s fine too. Why should the state pay for my room and board which is a large component of the care costs. There’s a case for covering care and medical costs however but taxes would have to rise significantly. I’d be ok with that too but doubt many would 3/3

[Elizabeth B @lostinallypally]

@Fiona35352137 @lynnery38 @xueyan94600 @thetimes me but that’s ok by me as that’s what an NHS is for. I could use some of my earnings to go private. I have that choice and partly that’s what I work for - to live yes but also have choices. The equity in my house also gives me that and if the time come that I have to sell it 2/3

[Elizabeth B @lostinallypally]

@LordThurlow lovely to meet you this evening.

[Elizabeth B @lostinallypally]

@Fiona35352137 @thetimes She doesn’t need the family home if she no longer lives there. Why should the state pay for the care and living costs when she has assets?