The problem with giving money to friends & family would be the tax that someone would have to pay.
Yeah, that's what I'd tell them too.
Though unless the rules have changed drastically, such gifts are Potentially Exempt Transfers and as long as you survive seven years after the gift it's free from tax.
The problem with giving money to friends & family would be the tax that someone would have to pay.
Just say you were in a consortium with your family. You put in £3 and the rest of them put in 5p each x10 so they are due their money. No tax. Job done.
If I won that kind of money I wouldn’t buy the club, but I’d buy the Valley and Sparrows Lane. The rent charged would vary depending how much I felt the owner of the club was trying to make a success of it.
I’d also buy Matt Southall’s wife’s fake tits and donate them to the museum
Still have no idea how anyone from a working/middle class background could ever find £184m worth of things to spend it on. But then again, I guess they probably won’t.
Their family will be looked after for about 6-7 generations with ease.
Still have no idea how anyone from a working/middle class background could ever find £184m worth of things to spend it on. But then again, I guess they probably won’t.
Their family will be looked after for about 6-7 generations with ease.
Dont last long mate. My free away train travel would knock me back at least £750000 a season.
My mum won the Littlewoods Pools in 1958 - £12k - which was a lot of money back in those days. Everyone in the family got something as did her work colleagues. Would you believe she chose not to buy a house, (could’ve got a fairly decent one for £2-3k), because she lived on the Progress Estate in Eltham and was on a protected rent for life. The side story to the protected rent is my grandad worked in the Woolwich Arsenal during the first world war. The Progress Estate was built for the munition workers in the Arsenal in 1915
I'd also be the 1st person to win the euromillions and national lottery in the same week by covering every permutation on the national lottery. Just to be on the safe side I'd also do the set for life for £15 million. That way I'd know if it all went tits up I'd still have 10 grand a month for the next 30 years.
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Though unless the rules have changed drastically, such gifts are Potentially Exempt Transfers and as long as you survive seven years after the gift it's free from tax.
Just me then.
The rent charged would vary depending how much I felt the owner of the club was trying to make a success of it.
I’d also buy Matt Southall’s wife’s fake tits and donate them to the museum
https://www.bbc.co.uk/news/uk-england-gloucestershire-61495849
Still have no idea how anyone from a working/middle class background could ever find £184m worth of things to spend it on. But then again, I guess they probably won’t.
Their family will be looked after for about 6-7 generations with ease.
If it was up to me instead of one person winning say 100 million.
I'd rather 100 people win one million
My free away train travel would knock me back at least £750000 a season.
Just to be on the safe side I'd also do the set for life for £15 million.
That way I'd know if it all went tits up I'd still have 10 grand a month for the next 30 years.