I'll watch that later, thanks for the link. The two presenters are from Top Dead Center and create some pretty interesting content.
Re: SG54LAM update (amongst some other nice cars)
Posted: Fri Jun 26, 2026 1:19 pm
by mik
I haven't watched it all yet. Absolutely awesome to have the space to house that in your garden at home, but £50k in 1996 is the equivalent of £104k today. He's ended up with what I suspect is a fairly niche property from a resale perspective...... Is that folly, or a lesson in cunning inheritance tax avoidance (none of the cars attracting any IH of course).
Re: SG54LAM update (amongst some other nice cars)
Posted: Fri Jun 26, 2026 1:29 pm
by Simon
mik wrote: Fri Jun 26, 2026 1:19 pm
I haven't watched it all yet. Absolutely awesome to have the space to house that in your garden at home, but £50k in 1996 is the equivalent of £104k today. He's ended up with what I suspect is a fairly niche property from a resale perspective...... Is that folly, or a lesson in cunning inheritance tax avoidance (none of the cars attracting any IH of course).
Huh? They're still assets so would attract IHT, but not CGT as they are wasting assets.
Re: SG54LAM update (amongst some other nice cars)
Posted: Fri Jun 26, 2026 1:41 pm
by Sundayjumper
mik wrote: Fri Jun 26, 2026 1:19 pm
...£50k in 1996 is the equivalent of £104k today.
Just at RPI / whatever ? I imagine house prices have done a lot more than double in that time.
Simon wrote: Fri Jun 26, 2026 1:29 pm
They're still assets so would attract IHT, but not CGT as they are wasting assets.
Simon wrote: Fri Jun 26, 2026 1:29 pm
They're still assets so would attract IHT, but not CGT as they are wasting assets.
That's my understanding too.
Friday brain-fart.....
Re: SG54LAM update (amongst some other nice cars)
Posted: Fri Jun 26, 2026 2:36 pm
by Delphi
mik wrote: Fri Jun 26, 2026 1:19 pm
I haven't watched it all yet. Absolutely awesome to have the space to house that in your garden at home, but £50k in 1996 is the equivalent of £104k today. He's ended up with what I suspect is a fairly niche property from a resale perspective...... Is that folly, or a lesson in cunning inheritance tax avoidance (none of the cars attracting any IH of course).
I don't think his storage facility is at his house. From what was said in the video, he lives in (or near) Rotherham. Property is dirt cheap there.
Re: SG54LAM update (amongst some other nice cars)
Posted: Fri Jun 26, 2026 2:50 pm
by mik
Delphi wrote: Fri Jun 26, 2026 2:36 pm
I don't think his storage facility is at his house.
Some is, but you are correct - not all.
I should probably watch videos before I comment on them, eh?