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Coronavirus and the Scottish Championship


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From what I can remember, you can give any amount of money you like to anyone you want, but if you die within 3 (maybe 5, can't remember off the top of my head) years, then it is classed as part of your estate and subject to tax etc that way (if applicable)...
its upto 7 years n Scotland and its staggered between the number of years between death and when the gift is given.

for example, more tax is due on a payment made a couple of months prior to death than a payment made 5 years before.
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4 hours ago, cmontheloknow said:

Was a question of can you just give that amount of money away, no strings attached?

It'll be a potentially exempt transfer for IHT purposes so if he dies within the next 7 years then part of the sum will be taken into account in determining IHT liability - if it's his own money. That aside, there aren't tax implications for giving money away.

 

Edit: I see it's been addressed already. ^^

Edited by Pull My Strings
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9 hours ago, parsforlife said:

Think he means tax by Anderson. Normally any any ‘weather benefactor’ will put funds in via there company in return for sponsorship or hospitality etc.  It means the club get say a million but it actually only costs the individual far less. 

It would be fairly straightforward for him to sponsor the league in some manner or other using this money, but for the SPFL to pass a resolution altering the prize money structure to ensure that his contribution was evenly split across the clubs.

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16 hours ago, Rob1885 said:

its upto 7 years n Scotland and its staggered between the number of years between death and when the gift is given.

for example, more tax is due on a payment made a couple of months prior to death than a payment made 5 years before.

Thank you, I was just about to log off when I read the original post and couldn't be arsed didn't have the time to look it up.

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The latest suggestion from Rangers. What a pile of crap

https://www.bbc.co.uk/sport/football/52941423


FFS

Will the last person out, switch the light off please.

Why don’t we just save all of this nonsense.

Rangers and Celtic play in a 2 team top flight, while everyone else gets down on their knees and prays towards them, honouring them like the gods that they are.

Anyone for cricket?
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Only 1 team guaranteed to go up from a league of 14. Pathetic.

Scottish football is a shambles. Leagues of 16 or 18 or 20 with 3 up 3 down same as most of the other leagues in Europe!

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The proposals will blow the pyramid to f**k.

See how many clubs are disadvantaged by the proposals, add the clubs that aren't allowing entitled colt teams into the SPFL without earning it and there should be enough to kick this one into the bin.

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Why is it whenever a proposal is made, rangers try and hijack it with utter shite?
Colts have been rejected rightly for years, if they allow it they will just hoover more youngsters up from everywhere else and keep the best whilst the rest end up elsewhere. No more youngsters coming through and being sold on for the good the developing club.
The biggest joke is they rarely bring their own youngsters through the main team so what's the actual point?

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