Yes but with which money she bought the flat, I think it was her parents who actually bought it as she wouldn't be able to justify that money herself.
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Gotta be £2k on those hallway light pendants.
I think we’ve mostly agreed it was a move to avoid inheritance tax.Acutally, remember when they had bought that dream house (the really nice one that they bought after they got married (or thereabouts) and had been eyeing up & driving past for years) but then they moved into the main house of the family manor & everyone was shocked as to why. She said it was for family reasons or something along those lines........a bit of cooking the family books perhaps
Perhaps but there are easier ways to avoid that. For example, make will, put the assets(house) into a trust until you die & also take out life insurance. That way everyone can live in the houses they like & have chosen themselves. Also they would be adding to the overall family property inventory. But idk
A will wouldn’t protect the house from inheritance tax. If you leave a property in your will (not to your spouse), it will count towards the value of the estate.Perhaps but there are easier ways to avoid that. For example, make will, put the assets(house) into a trust until you die & also take out life insurance. That way everyone can live in the houses they like & have chosen themselves. Also they would be adding to the overall family property inventory. But idk
Mikes parents purposely gifted the house to Fleur and Mike while they’re alive, so after 7 years there won’t be any inheritance tax to pay on it.
How Inheritance Tax works: thresholds, rules and allowances
Inheritance Tax (IHT) is paid when a person's estate is worth more than £325,000 when they die - exemptions, passing on property. Sometimes known as death duties.
Yep when it comes to real estate properties doesn't matter if there is a will or you are a direct child you have to pay and a very high tax in many cases and wait a long period of time beforw the government releases the property to you, the easiest way is to switch owners while in the parents are still alive, you have to pay the paper work but is significantly less than paying tax and far less hassle.
No way. We're talking about the time period she wrote 2 books, after she did that long stint with Sainsbury's, not long before her MAC lipstick. Absolute peak Fleur. I think it's what her accountant told her to do with the money.
I bet it's gone up in value at least £100k.
Would Mike's parents have to pay capital gains tax though?A will wouldn’t protect the house from inheritance tax. If you leave a property in your will (not to your spouse), it will count towards the value of the estate.
Mikes parents purposely gifted the house to Fleur and Mike while they’re alive, so after 7 years there won’t be any inheritance tax to pay on it.
How Inheritance Tax works: thresholds, rules and allowances
Inheritance Tax (IHT) is paid when a person's estate is worth more than £325,000 when they die - exemptions, passing on property. Sometimes known as death duties.www.gov.uk
She's from a family of used car salesmen. So is Mike.
All that renovation and her house is still tacky as hell. People confuse new with elegant.
I think her home taste isn’t bad, especially compared to her clothes. With a home like like that you have to spend a lot of money to buy the quality of fittings it deserves, that at least they do have. Her mums house is typically country money and her sisters house is nice considering the almost equally strange taste in clothes. She’s made mistakes like the clock wall which she admits to. But because her and mike are both from money and all their private school friends live in homes like that, they do know how it should look. That’s why Lydia and Josie get it wrong- trying to be something they’re not. I would love to see more of the house. Lydia goes on and on about her greedhouse and Fluer has one 3 times as big with its own Gardner that we never see!
I don't think Fleur's renovation choices are tacky, she's very classic and that's what a house like hers need. Don't you agree ?
I don’t agree, I think she has good taste generally and like the way she mixes old and new stuff.
I like her decoration style most of the time, except one of bathrooms that has a book shelf with not only a bunch of books but bottles of fancy perfumes as decoration, that is quite chavy thing Fleur has that always showing off the expensive brands that were actually gifted, all the rich people I know take those products and brands aa normal so they are not placing them as decoration or in a vanity for everyone too see.
I like how she tends to look for second hand vintage things, I mean I much prefer her than IntheFrow HORRIBLE decoration style, Although Fleur has a terrible taste for clothes, jewellery shoes, accessories, bags etc she has no sense of personal style.
I like how she tends to look for second hand vintage things, I mean I much prefer her than IntheFrow HORRIBLE decoration style, Although Fleur has a terrible taste for clothes, jewellery shoes, accessories, bags etc she has no sense of personal style.
Her kitchen renovation is nice, but the colour choice was incredibly trendy in 2016-17, and won't age well.
No, I do agree the renovation choices fit the style of the house. It’s moreso the decor choices I don’t find necessarily classic or tasteful. It’s just new. Not new in the sense of newly manufactured, but she’s changing it up so the novelty is still exciting to some people, but I don’t find it necessarily stylish.
This. She was hinting at how most people would be surprised at the colors she chose and then when I saw it I thought, every blogger is doing that dark blue green color nowadays.
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