No, they never pay off the loan, the creditor writes it off (aka 'converts it to a gift at a later date'), and almost certainly claims the loss against tax.
It's only fair you see.
It's only fair you see.
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Insanity: repeating the same actions, but expecting different results.
threadeds website, and here's my blog.
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Shirley, at that point they become a gift and must be declared?Originally posted by scotspineI am not qualified to give the above advice!
The original point and click interface by
Smith and Wesson.
Step back, have a think and adjust my own own attitude from time to timeComment
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i think that key here is 'disappear off the radar'Comment
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Yes, but consider: when was the gift made?Insanity: repeating the same actions, but expecting different results.
threadeds website, and here's my blog.Comment
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If the debt is written off against tax, it suggests that the taxpayer is indirectly funding the Labour party.Originally posted by threadedComment
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Yes, the major parties are funded in numerous ways from the public purse.Insanity: repeating the same actions, but expecting different results.
threadeds website, and here's my blog.Comment
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The Power Commission this month said every Labour donor who had given more than a million pounds had received a knighthood or a peerage.
It's only fair.Comment
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If I had a spare million just sitting there Id donate it for a knighthood! Talk about score!
MailmanComment
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Yes.
I've heard NL are planning to combine the cash for peerages with their drive for getting government service online to allow party donors (sorry lenders) to buy them online.
View Basket:
1 x Knighthood £1,356,045 (VAT not applicable)
1 x Peerage £1,145,677 (VAT not applicable)
Delivery expected : am Tuesday.
Please note driver is not allowed to leave honours next door.Comment
Comment