Monday, 1 March 2010

Non Domicile Tax Status

There is a lot of hysteria about Lord Ashcroft being a "non dom". People seem to think it means he pays no UK tax. I am apparently default non dom as my father is, also by default as he never said to anyone that he will never return to New Zealand. He still might. Being a non dom has never made any difference to my tax bill. I have no assets outside this country and have always paid swingeing amounts of tax relative to my income. It would only be a perk for me if

a) I won the NZ lottery
or
b) I won the UK lottery and migrated for three years in the twenty years before my death...then my beneficiaries would not have to pay inheritance tax on my massive estate. If I popped my clogs tomorrow my estate would not qualify for IHT.

What is causing the upset? Is it that Non Doms with very large incomes outside the UK don't have to pay UK taxes (or only £30,000 p.a.) on these incomes? They pay tax in the country they earned the money in, so why should they get hit by more tax from the UK Government? Do people want to drive this handful of mega rich foreigners out of the country as well as the moderate earners with skills?

My sister has already emigrated, my brother is talking about going, my father retired last month and I earned so little last year that I got a tax rebate instead of a bill in January. Elby is redundant and Calfy can't get work, and that is just one family. The treasury should be grateful for everything it gets.

28 comments:

Nephilim Child said...

I sense a storm heading in from the desert for the socialists...

Scrobs... said...

If Ashcroft had thought he was doing CamsyBoy any harm by announcing this, I'll eat my hat!

Nice to see how PisspoorBrown and his shower of non-talent are wondering how to respond with their own donations which seem to have drained most of Asia of all it's funds...

lilith said...

Listening to Five Live today Scroblene, you would have thought Ashcroft ate babies for breakfast...That station is SO biased in its reporting. The day before 3 Labour MPs were charged over their expenses fraud a Five Live journo went through a list of five MPs to illustrate the scandal ...4 Tories and Barbara Follett! When I complained they said that they only provided a balanced view over a range of programmes and not within individual ones....

lilith said...

G'day Mr Child. Shock and Awe d'you think?

Scrobs... said...

Well, old Dromers knows a thing or two about funding, presumably why he's been shoe-horned into Erdington.

Be funny if some of the good people there decided they'd had enough of his pathetic accounting (he'll definitely be after a job in the Treasury), and also his disgusting spiteful wife.

Talking of spiteful unpleasant people, have you noticed how Yvette 'Tortoise in the headlights' Balls is getting quite a lot of airplay these days?

Presumably the ugly sweating prat she married thinks that's what you do to make children...

Bill Quango MP said...

Already the public reaction seems to be an Ed Balls "so what?"
If a lot of very rich people want to spend their money on politicians rather than dune buggies then who really cares?

Like bullygate its a story that those that like to know about these things already knew and those that don't, don't care about anyway.

Modo said...

"I earned so little last year that I got a tax rebate instead of a bill in January. Elby is redundant and Calfy can't get work, and that is just one family. The treasury should be grateful for everything it gets."
You make it all sound like a scene from one of Mr. Paul Abbott's kitchen sink comedy dramas... try not to get too wasted on cider this lunch time.

lilith said...

Modo, we are big Shameless fans though Elby hasn't enjoyed Corrie since it went into colour.

lilith said...

Yes, Scrobs, I had noticed an excess of Yvette patronising and whingeing on about how Labour have got it right on the Economy. Luckily the radio has not been in reach or it would be shattered by now.

lilith said...

Bill, more of it today, with Nick Robinson trying to say that Ashcroft is different to Lord Paul because Ashcroft is more "political" (!?)

Bill Quango MP said...

Yes lilith. I may have to amend that line.

"Like bullygate its a story that those people that like to know about these things already knew and those people that don't, don't care about anyway, but journalists will examine from every possible angle, using every possible trick, as they feel there is a bigger story to be exposed, if they can just scratch it out."

Philipa said...

I have to confess MSM is full of Ashcroft and I couldn't care less. See my latest for details.

Are you considering moving back to NZ, Lils?

And can we all come for holidays?

lilith said...

No, Pip, no plans to go there at all.

I have Calfy back from her visit, but I don't think she plans to emigrate there either.

Philipa said...

Ah well their loss is our gain. Looks like the isle of Wight for us then. (we couldn't afford the fare anyway)

idle said...

I like NZ. Been twice. Good food and wine. We got talking about politics and it turned out the limits of their world political view was a bloke called Grant who represented Invercargill in their parliament.

I asked them about Singapore as there was an ASEAN conference going on, but they looked uncomfortable so we talked about sailing instead.

Nomad said...

NZ is one of my favourite haunts, especially the South Island.

Idle: Every time I have been to Invercargill, one of the most boring places on the island, it pours with rain. Maybe that's what it does there, although Bluff seems perpetually dry. Odd.

On one visit a while ago, I stopped off in Dunedin on the way down and as it was chucking it down and a bit late to bother going out for dinner I telephoned the local Pizza Hut for a pizza - which was delivered 20 minutes later by what passed for a good likeness of a very happy-go-lucky drowned rat on a moped. By the way, for those feeling peckish in Dunedin, the best restaurant in town is 'The Huntsman' on the "up" side of the main one way system.

It also confuses the locals if you call the town Dyoondin instead of Done Eedin. Takes a while for the penny to drop. Bon voyage.

Elby The Berserk said...

Gove was excellent on Newsnight on this matter; refused to be cut off by Wark, and kept asking her why the BBC were not concerned by the number of Non-Doms contributing to Labour.

More of that needed.

Elby The Berserk said...

Modo,

We have a stash of Weston's Old Rosie (cloudy) under the stairs (the Penfolds Grange & 707 is upstairs), so do come join us getting rat-arsed.

Corrie indeed never the same when colour came in. Ena & Hilda with their milk stout, in the snug, can only be seen in black and white. Did anyone else tell their kids when they were little that the world *used* to be black and white?

lilith said...

They are terribly laid back, Idle, are they not? Not frothers like us lot. Except when it comes to sport. I can't really claim to be a proper New Zealander as I have done nothing sporty for 31 years. The SHAME.

lilith said...

I have been to Done Eden "airport" Nomad. It's a splendid place. My uncle was a GP in Winton. He kept sheep too :-) No rain at all and I was there three weeks!

Trubes said...

Hello Lils,
Sorry I've not been able to comment recently...'techy probs' with PC.
I couldn't care less about lord Ashcroft tax profile...All this is propaganda put about by the Nuliebor to distract us from the real issues of their failed policies,

Roll on the GE!

Hope you and Elbers are well, Poppy looks gorgeous, nearly as lovely as Pig!

Di.xx

lilith said...

Hi Trubes, sorry to hear about your techie problems :-)

We are all fine, Poppy settled right in, Pig thinks having a partner in crime is just great. Saves us all the OCD ball throwing too, as they occupy each other, chewing each other's legs and faces, tug of war, and whose-bed/sofa-is-this? type games. She is very soft and cuddly but takes no guff from the Scheisshund.

call me ishmael said...

Gove or Wark, now there's a tough call, mr elby. The one a media whore and part-time MP and the other just a media whore. Given that Kirsty sells the BBC programmes made by her own production company and that Gove, or Spit, as I call him, like Mr Johnson the notional Mayor of London, earns his main income from newspaper owners, than which no finer body of men ever existed, and given that both have far more in common with each other than with you or I it is hard to judge which of them is the more benificent and worthy public servant. Probably they are both a pair of shits, hugely enjoying our preoccupation with their shabby doings. Neither, whatever the outcome of this Mad Hatter's Election, will suffer too badly, unlike - judging by any of the likely outcomes - the rest of us.

Elby The Berserk said...

Mr. Smith, granted, but any bitch-slapping of the BBC is welcome, and in such cases, any enemy of my friend. The Beeboids are not used to being denied.

Old Holborn said...

Am I supposed to bring Champagne or Buckfast to your wedding?

I'll be on drain cleaner. As usual

lilith said...

Best Scrumpy OH. Provided that you bring your mask and don't put anything on Facebook ;-)

The Beast in limbo said...

I havent liked Corrie full stop since the place was filled with coloureds
If I want to see a coon I can open the door and wait for about 30 seconds and hey presto one will be along so I see no need to Switch the television on to see one, and if I want to hear a Mancunian accent I can always talk into a bucket.

Barnsley Bill said...

Oh dear. Dunedin was first settled by Jocks. Try visiting further north. We are much more ranty, wordly and welcoming in the bay of Islands.