WHY SHOULDN’T FARAGE CHANGE HIS STORY ABOUT WHAT THE SECRET £5 MILLION WAS PAID TO HIM FOR!!

IT IS NOW HIS PERSONAL MONEY GIVEN TO HIM SECRETLY IN GOOD FAITH BY A FOREIGN BASED CRYPTO BILLIONAIRE WHO IS BANKROLLING REFORM AND INFLUENCING BRITISH POLITICS FROM HIS HOME IN THAILAND!!

GO AND REPORT ON ANGELA RAYNER AND POLANSKI INSTEAD!!

a reward for campaigning for brexit for 27 years - what a load of sh1te 

Sky News now reporting that Farage bought a house in cash for £1.4m shortly after receiving the £5m. What a coincidence!

EXACTLY!!

A REWARD FROM THE FOREIGN BASED CRYPTO BILLIONAIRE!!

AND FARAGE THEN PROMISING TO SLASH TAX AND REGULATION ON CRYPTO IS ANOTHER REWARD!!

Imagine what a pathetic specimen you have to be to simp for Truss and then lurch to Farage. 

It's a long-term bet with a steady income from the grfit and a high payoff from robbing the public if it comes good.

The gift of money is perfectly allowable. There aren’t any tax implications. What he does with the money is up to him and he’s under no obligation to say what he’s done with it. 

The only thing that might have been breached is a weird contingent and retrospective declaration rule. Big wow. 

THE REASON FARAGE WAS SECRETLY GIVEN £5 MILLION FROM THE FOREIGN BASED CRYPTO BILLIONAIRE AND THEN STARTED PROMOTING CRYPTO IS BECAUSE HE CAN’T BE BOUGHT!!

The only thing that might have been breached is a weird contingent and retrospective declaration rule. Big wow.

EXACTLY!!

NOW LET’S GET BACK TO ANGELA RAYNER: NOW THAT IS WHAT I CALL A REAL STORY NOT A PERFECTLY NORMAL SECRET £5 MILLION!!

Academic14 May 26 17:08

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The gift of money is perfectly allowable. There aren’t any tax implications. What he does with the money is up to him and he’s under no obligation to say what he’s done with it. 

The only thing that might have been breached is a weird contingent and retrospective declaration rule. Big wow. 

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Which, of course, is precisely what you'd have said if it was the leader of Labour, the Lib Dems or the Green party rather than Farage, isn't it?

And...no tax implications?  None whatsoever?  Being a compliance officer is bad enough, let alone being an incompetent one

Yeah this stinks. Come on.

Politicians should not be able to accept a fooking thing from anyone

What do you think the tax implications on the gift are for Farage, Josip?

What do you think the tax implications on the gift are for Farage, Josip?

NO STRINGS ATTACHED GIFT WHICH WE WERE SAYING WAS FOR SECURITY BUT WE ARE NOW SAYING WAS A REWARD!!

AND DEFINITELY NO STRINGS ATTACHED BUY CRYPTO NO STRINGS ATTACHED AT ALL!!

Nice to see Josip posting when - shall we say - he’s less encumbered 

The gift of money is perfectly allowable. There aren’t any tax implications. What he does with the money is up to him and he’s under no obligation to say what he’s done with it. 

The only thing that might have been breached is a weird contingent and retrospective declaration rule. Big wow. 

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Which, of course, is precisely what you'd have said if it was the leader of Labour, the Lib Dems or the Green party rather than Farage, isn't it?

How about an answer instead of throwing around slurs?

WHEN ANSWERING THE TAX QUESTION REMEMBER IT IS A NO STRINGS ATTACHED GIFT WHICH DEFINITELY HAD NO STRINGS ATTACHED BUY CRYPTO AND IS A GIFT SLASH CRYTPO REGULATIONS AND TAX AND NO-ONE COULD POSSIBLY ARGUE OTHERWISE!!

The gift of money is perfectly allowable. There aren’t any tax implications. What he does with the money is up to him and he’s under no obligation to say what he’s done with it.

because people give life-changing sums of money to politicians all the time with no expectation of getting anything in return, eh  

I HARDLY THINK THAT NIGEL FARAGE WOULD LIE ABOUT THE SECRET £5 MILLION HE WAS GIVE BY THE FOREIGN BASED CRYPTO BILLIONAIRE!!

NO NO NO, I THINK WE SHOULD ALL UNQUESTIONINGLY BELIEVE HIS STORY THAT IT WAS A NO STRINGS ATTACHED GIFT EVEN AS IT CHANGES FROM BEING PROVIDED TO PAY FOR HIS SECURITY TO BEING AN AWARD!!

It's a bung. Had it been a labour minister receiving said bung all the right wing frothers would have been baying for blood. But...no point to be gained by arguing with the terminally mendacious and myopic. They are lost to their own delusions.

Academic14 May 26 18:41

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What slurs? You answer the tax question first. 

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I'm not a tax lawyer; you're the compliance officer.  Presumably there is a greater than zero chance as a minimum that there could be inheritance tax implications, though - agreed?

In which case in would be untrue to say that "There aren’t any tax implications."

So there's your answer.  

 

How about yours to this question, then:

The gift of money is perfectly allowable. There aren’t any tax implications. What he does with the money is up to him and he’s under no obligation to say what he’s done with it. 

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Which, of course, is precisely what you'd have said if it was the leader of Labour, the Lib Dems or the Green party rather than Farage who received the £5 million gift, isn't it?

Isn't it?

 

I do hope you agree, because you have a habit of calling people "grifters" without any evidence; and, you know, accepting a £5m gift from a foreign-based cryptocurrency trader then promptly using your platform as an MP and national party leader to promote cryptocurrency schemes seems like it might be the kind of thing a "grifter" would do.

But no doubt you'll explain the distinction.

Hi Josip, for there to be any iht implications, harbored would have to be uk LTR (which he probably isn’t) and he’d have to die in the next 7 years. So no, either no, or highly unlikely tax consequences. No immediate tax due certainly. 

And on your question, I would say the same for libdem and green leaders in the same circumstances. Starmer is the pm so it’s completely different. 

of coarse a gift of 5M is allowable, but I dont know anyone who has ever had a gift of such magnitude.

I guess Nigels earnings on tv , advertising bullion and crypto schemes etc probably got him through source of wealth and funds checks. If it had been declared to his conveyancing solicitors would it have set off alarm bells (I presume as leader of a political party and an ex mep he is a PEP)

 

Are you guys really saying that a gift of £5MM does not give rise to any tax implications for the recipient?

Where I live only intraspousal gifts are tax free and other gifts (between family members) are tax free up to a certain (pretty low) threshold 

Everything else taxed 

No immediate tax due certainly.

IF YOU BELIEVE FARAGE THAT IT IS A NO STRINGS ATTACHED GIFT BUY CRYPTO THAN NO IMMEDIATE TAX IS DUE CERTAINLY!!

King Canute, if the giver is in scope of uk iht it’s a potentially exempt transfer. If they live another seven years no tax is due. 

Harborne may not even be within uk iht scope (just as I am not). I don’t know how long he has been out of the Uk. I have been out long enough. 

Risky. 

Your idol Musk says your hero Farage is lying. 

What are you going to do?

Surely this is a political rather than legal point - it shows that Farage is quite literally in the pay of offshore billionaires/disruptors.  There is surely much political mileage to be made out of this of the others can  get their act together?

JUST IMAGINE IF IT WAS A PAYMENT TO RUN AS AN MP AND PROMOTE CRYPTO AND PRO-CRYPTO POLICIES TO BENEFIT THE FOREIGN BASED CRYPTO BILLIONAIRE…

HA HA HA H HA HA IT ABSOLUTELY WAS NOT BECAUSE NIGEL FARAGE SAID IT WAS A NO STRINGS ATTACHED GIFT TO PAY FOR HIS SECURITY AS A REWARD

Academic14 May 26 17:47

What do you think the tax implications on the gift are for Farage, Josip?

______________________________________________________

Off the top of my head?

  • disguised remuneration
  • sham transactions
  • employment income
  • taxable benefits
  • political corruption / bribery
  • nominee arrangements
  • undeclared consultancy income

HMRC are not particularly interested in what the payment is called. They tend to look at:

  • why it was paid,
  • what the recipient did in return,
  • whether there was an expectation of services or influence,
  • whether there was a quid pro quo, and
  • whether the arrangement would exist absent the relationship.

if HMRC concludes the payment was actually connected to employment, consultancy, services, or influence-peddling, there could be substantial tax consequences.

such as:

  • Income Tax liability
  • employee and/or employer National Insurance contributions
  • PAYE failures
  • interest
  • civil penalties
  • in serious cases, fraud investigation or criminal prosecution

If the arrangement involved:

  • personal appearances,
  • advisory work,
  • lobbying,
  • nominee ownership,
  • introductions,
  • political access,
  • board influence,
  • or undeclared consultancy,

then HMRC could argue the money was taxable earnings or trading income rather than a genuine gift.

A tax investigation will I thinkplay into his hands portrayed as the establishment trying to stifle him - this is POLITICAlL he needs his own medicine - it needs to be on billboards and on the sides of buses 

Jenrick now also being investigated by the police for alleged illegal £40k foreign donation. Not even in power yet and mired in grift 

Risky. 

Your idol Musk says your hero Farage is lying. 

What are you going to do?

Your idol Musk says your hero Farage is lying.

about something in particular, or just generally? 

about something in particular

Nigel claimed he can't be bought. Musk said that isn't true...

  • disguised remuneration
  • sham transactions
  • employment income
  • taxable benefits
  • political corruption / bribery
  • nominee arrangements
  • undeclared consultancy income

BUT NIGEL FARAGE SAID IT WAS A NO STRINGS ATTACHED GIFT SO HMRC WOULD HAVE TO ACCEPT THAT IT WAS A NO STRINGS ATTACHED GIFT!!