But the government is making it harder and harder to do that. Anything you've given away 10 years before your death etc....
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10 years ago
Anyone looking for a "doer-upper"?
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10 years ago
Some time ago then?....
Well least not around these parts...
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10 years ago
But that makes you a thief! You should be spending that money for the benefit of "society" (Whatever that is)
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10 years ago
I don't think many see care homes as a cash cow.
And the offspring's responsibility to look after parents in their old age?
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10 years ago
Nothing wrong with that. And if you can avoid inheritance tax at the same time then even better.
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10 years ago
Well you can always shove them into a shit care home if they do not give you their house:-)
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10 years ago
Hah. You must be joking. Some of the most rapacious bastards I've ever met were the owners of care homes. Admittedly, they weren't all like that, but many were.
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10 years ago
But if you look at the accounts and work out the ROI, it's tiny
tim
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10 years ago
You actually believe the published accounts? They are constructed to reduce the tax bill(s) as much as possible without breaking the law and for no other purpose.
They may not sail as close to the wind as the mega international corporations (Starbucks et al) but the care home companies are still multi-million pound businesses and saving a couple of percent here and there is a significant amount of money.
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10 years ago
Maybe now - but twenty years ago it certainly wasn't. Really easy to pick up big old houses for relative peanuts and turn them into 12 or
20 bedded units. Staffing/running costs kept as low as possible, natch. I even knew of one owner who trousered the residents' Xmas bonuses. FFS, that man was a total slimeball.