The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[marton]

	Quote:
	Northern Ireland was on Friday poised to restore its power-sharing government after more than three years of political deadlock, as the two main parties endorsed a new agreement. Discussions between Irish nationalists, who favor a united Ireland, and unionists, who want to remain part of the UK, have been ongoing all week at Northern Ireland's parliament buildings,

Source

A positive step for N. Ireland but could make it easier for them to leave the UK in the future now they are all working together.

	Quote:	CodPeace
	Response to FMF I agree, the mind set still is 'This is my house, why do I need to sell it? I've 'paid in' all my life!' However........ any assets over £23k are 'taken' by the council if they provide the care. They also take any income over £25 a week. It's a reasonable system. https://www.ageuk.org.uk/information...r-a-care-home/

Depends on your definition of reasonable I suppose.

Lots of couples are now going for the "Tenants in common " rather than "joint ownership " to avoid their home being sold out from under the partner who doesn't need care.

[fatmanfilms]

	Quote:
	Depends on your definition of reasonable I suppose. Lots of couples are now going for the "Tenants in common " rather than "joint ownership " to avoid their home being sold out from under the partner who doesn't need care.

That however does not absolve you from Debts & they don't automatically inherit the other persons share. At death the likelihood of a forced sale would be higher don't you think, especially if they had any debts.

From my understanding of the link with joint ownership the value of the home is not counted with the means test........ so 'joint ownership' would be the better way to go.

Tenants in Common is the way to go, according to our solicitor.

But I'm no legal brain.

[amogles]

	Quote:
	Tenants in Common is the way to go, according to our solicitor. But I'm no legal brain.

That , or transferring ownership to the kids but putting a clause in the contract that the usufruct remains yours even if the property is sold . Put the value of that usufruct at one pound . At that value they can’t take it away from you. This basically renders the property unsellable until you are both dead

[Jim2007]

	Quote:	marton
	Source A positive step for N. Ireland but could make it easier for them to leave the UK in the future now they are all working together.

Only if you have a very loose definition of what working together means

As for a United Ireland, Ireland would also have to agree to it and that is not a given. Some have begun to question the impact a million or so conservative Catholics and Protestants would have on the liberal outlook of the country and if they really want that.

[fatmanfilms]

	Quote:
	Tenants in Common is the way to go, according to our solicitor. But I'm no legal brain.

Generally the recommendation for unmarried people, however if the house is expensive then IHT could come into the equation on the first death.

	Quote:	amogles
	That , or transferring ownership to the kids but putting a clause in the contract that the usufruct remains yours even if the property is sold . Put the value of that usufruct at one pound . At that value they can’t take it away from you. This basically renders the property unsellable until you are both dead

Good luck if you have a mortgage, the full value will be potentially liable to UK IHT as it's a gift with reservation,

	Quote:	fatmanfilms
	Generally the recommendation for unmarried people, however if the house is expensive then IHT could come into the equation on the first death. Good luck if you have a mortgage, the full value will be potentially liable to UK IHT as it's a gift with reservation,

Nope. Is a recommendation full stop. My parents have the same - changed it about 15 years ago. We've had it on the last 2 houses.

[fatmanfilms]

	Quote:
	Nope. Is a recommendation full stop. My parents have the same - changed it about 15 years ago. We've had it on the last 2 houses.

You solicitor obviously believes people should pay their fair share, good for him.

	Quote:	fatmanfilms
	You solicitor obviously believes people should pay their fair share, good for him.

Her. But I suppose.

[greenmount]

	Quote:	fatmanfilms
	I am married to an older woman & 4 out of 5 of my previous GF’s were older. The nasty comments by PM were nothing to do with me, if I have anything to say I post it on the thread as my posting history shows

I hope so. Don't repeat that history with Odile (nasty private comments or not, the visible ones were enough to form an opinion...).

[TonyClifton]

Incredible to think that the Withdrawal Agreement sailed through the House of Commons this week with barely a mention. Seems to be a trend that since the General Election that Brexit has very much dropped down the news agenda, showing what a logjam the last Parliament was causing.

I expect this to be the trend, certainly until after the UK has left and the next phase of negotiations begins. The first test for Boris Johnson will be when the EU present their sequencing demands, we'll see then if he really is the man that he says (and we hope) he is!

[greenmount]

Is Boris Johnson the more acceptable and slightly more refined version of Trump?....

[k_and_e]

	Quote:	greenmount
	Is Boris Johnson the more acceptable and slightly more refined version of Trump?....

Interesting question. They look alike (one more orange, the other more talented for awkward photos) but Trump is an entrepreneur while Johnson is a politician.

[marton]

	Quote:	k_and_e
	Interesting question. They look alike (one more orange, the other more talented for awkward photos) but Trump is an entrepreneur multiple bankrupt while Johnson is a politician.

ftfy.
Boris Johnson; it could have been for him that Dr. Johnson coined the phrase ‘Patriotism is the last refuge of a scoundrel’.

I am not sure if describing somebody as a scoundrel is better or worse than describing them as a politician

	Quote:	TonyClifton
	Incredible to think that the Withdrawal Agreement sailed through the House of Commons this week with barely a mention. Seems to be a trend that since the General Election that Brexit has very much dropped down the news agenda, showing what a logjam the last Parliament was causing. I expect this to be the trend, certainly until after the UK has left and the next phase of negotiations begins. The first test for Boris Johnson will be when the EU present their sequencing demands, we'll see then if he really is the man that he says (and we hope) he is!

Don’t you watch the news or read the news sites?

[k_and_e]

	Quote:	marton
	ftfy. Boris Johnson; it could have been for him that Dr. Johnson coined the phrase ‘Patriotism is the last refuge of a scoundrel’. I am not sure if describing somebody as a scoundrel is better or worse than describing them as a politician

funny correction. entrepreneur doesn't mean that someone is always successful. going bankrupt multiple times in bankrupt actually shows entrepreneurial activity.

[marton]

	Quote:	k_and_e
	funny correction. entrepreneur doesn't mean that someone is always successful. going bankrupt multiple times in bankrupt actually shows entrepreneurial activity.

It was not a correction; I consider my description is more accurate.

[TonyClifton]

The only comparison between Boris Johnson and Donald Trump to be made is the irrational nature that certain people react when hearing their names. That said, lets keep Donald Trump's name away from here for the time being. There is like a whole other debate going on full of ludicrous examples of said irrationality, like access to abortion for women in Alabama is comparable the oppression of women in Iran, or that internment of Japanese Americans in 1942 is somehow equivalent or relevant to what's going on in Iran today. If you're interested and want to read some real crazy stuff, go and have a look, you won't believe it!

[TonyClifton]

One rather more relevant matter the General Soleimani assassination has raised for the UK post-Brexit is on matters such as this, where should the UK align itself? For along time the UK has straddled some odd center ground whereby on economic matters she has assisted her EU partners (France and Germany) in trying to find ways around US financial sanctions, yet on military matters, traditionally the UK has stood firmly by the USA's side.

I think I would prefer the UK to remain more Eurocentric in its approach to foreign affairs post-Brexit (The current President isn't going to be around forever), however the recent events in Iran has really exposed how weak the EU is in this regard. The Euro is not really used as a reserve currency, and the EU is totally reliant on energy imports. Add to this the problem that there is no real coherent EU foreign policy (apart from development funding ha ha). Nor is there any real hard power that can be drawn on if need be.

It's going to be a tough choice that needs to be made sooner rather than later. Does the UK even want to try and maintain a role in international affairs? Perhaps the best way would be a third way and step back from having a world role. Another interesting aspect to keep an eye on.