Dreams of Working From a Beach Risk Turning Into a Tax Nightmare

[vetran]

sharing house with the unwashed INKSPE.

First place was a garden flat in a posh area I mortgaged myself to the hilt.

Second a 4 bed house with my sexy new wife.

The next two were progressively bigger detached houses with their own driveways (mainly because my sexy wife kept getting pregnant).

We have cats, a garden and everything.

I can smell millennial tears, there is a sight hint of crushed Avocado and skinny caramel Grosso macchiato.

Have fun I'm off to a birthday tea party with a load of poor millennials who live in 1 bed flats with kids and aren't earning £50k as a couple.

[Paralytic]

The conversation has taken a very different path...

I do not doubt that all of you had a hard time working and saving money, what I am trying to say that costs have gone out of hand.

That might be what you're trying to say. But, what you're actually saying is YOUR costs have gone out of hand. That is your choice. Others can live on much less than the figures you're quoting - the fact that you (claim you) can't is entirely down to you and your life and lifestyle choices.

No-one is claiming that life is always fair, that everyone gets the same chances, but the vast majority of those living in the UK (including London/SE) would be very happy with a household income of £100K.

I'm off for some beans on toast.

[BR14]

. But, with enough education and opportunity and ability I struggle to understand why I should work only to pay bills?

.

so BUGGER OFF SOMEWHERE ELSE, AND DO YOUR WHINING THERE, THEN !

[GigiBronz]

yeah, you are all my heroes

don't know why I even bother, people can't seem to see beyond their wagecuck prerogative, they've vested so much of their life in it, now it's preposterous to even consider that it was a sham and they've created even a more toxic society for the generations to come.

[Whorty]

don't know why I even bother

No, nor me.

You want to live a lifestyle you can't afford, and you want us to give up what we have so that you can have more but without you putting any graft in.

Hmmmm, I wonder why you're a lone voice on here?

[Fraidycat]

This is what normal people spend

https://www.nimblefins.co.uk/average...usehold-budget

According to your link the average UK household spends £2,548 a month (household size of 2.4 people), £30000 a year.

The average rent/mortgage is £300 a month. £300 may well be the average in the UK, as many households own outright or are rented social housing.

But if you pay a rent or mortgage of say £1300 a month, your household expenses are now £3548 a month (£42500 a year).

And if you are a household of four or five (instead of the average which is 2.4), also paying 1300 a month for housing as well, your expenses will be over £4000 a month (£48,000+ a year).

Our household living expenses, family of five, paying a circa £1300 a month mortgage, are £5000 a month so £60,000 a year.
If we lived more like the average household we could probably get that down closer to £4000 a month. But there is £1000 a month extra lifestyle creep from being a high paid contractor.

When my mortgage is paid off my monthly living costs will fall to £3700. When the kids fly the nest they will drop massively again.

Im not complaining about this, these are my life choices and I make well over £60,000 a year after tax so can afford it (assuming i remain in an outside contract!). But i struggle to see how most people could afford to raise a family these days. Well i know the answer, people aren't having as many kids anymore.
And young people are forced to live at home for longer before they can move out.

[_V_]

What the hell has this morphed into? It about tax implications of working from a beach somewhere foreign and now it's about how big your house is?

[AtW]

What the hell has this morphed into? It about tax implications of working from a beach somewhere foreign and now it's about how big your house is?

You’ll need a big fully paid off house to pay off tax implications of working on the beach abroad

HTH

[_V_]

You’ll need a big fully paid off house to pay off tax implications of working on the beach abroad

HTH

I wonder how the billionaires cope with "working" from a great big super yacht 100m from the beach? I bet they end up paying lots and lots of tax!

[AtW]

I wonder how the billionaires cope with "working" from a great big super yacht 100m from the beach? I bet they end up paying lots and lots of tax!

Yacht itself is in a different jurisdiction, like Panama - they pay all their taxes.

HTH