Boards.ie uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more x
Post Reply  
 
 
Thread Tools Search this Thread
31-08-2019, 14:04   #1
Fuaranach
Registered User
 
Fuaranach's Avatar
 
Join Date: Nov 2010
Posts: 5,000
English mechanic leaves €1.7 million tax free to Sinn Féin

Definitely the most interesting person I've heard of in a while. I think I'll have a change of career if mechanics are earning this much!

English former mechanic leaves Sinn Féin £1.5m in will

Sinn Fein will not have to pay inheritance tax on €1.7m left to party in mechanic's will


Sinn Féin given £1.5m in 'largest ever NI donation'

Quote:
SINN Fein will not have to pay any inheritance tax on a £1.5m (€1.7m) gift from an English mechanic who bequeathed the money in his will.

The donation, revealed this week, is believed to the biggest ever made to a political party in Northern Ireland.


Under HM Revenue & Customs rules, any UK political party which has at least two MPs in the House of Commons is not liable to pay inheritance tax on such a gift.

Sinn Fein has seven MPs but because of a Westminster abstentionist policy they do not take their seats in the house.

A political party also qualifies for exemption if it has one MP and received no less than 150,000 votes at the last general election.

Without exemptions, anyone who is left £1.5m would be required to pay around £470,000 in inheritance tax.

The party’s windfall was made public on Thursday by the Electoral Commission.

The benefactor has been identified by a source close to Sinn Fein as former mechanic William E Hampton.

Mr Hampton was born in London and died on January 11, 2018 at his home in Pembrokeshire, Wales, at the age of 82, the source told Press Association (PA).

The pensioner, who was not married and had no children, also left some money to friends and acquaintances, but the main beneficiary was Sinn Fein.

It is understood he spent some time living in Ireland and was a long-term supporter of the party.

The money was paid to Sinn Fein in instalments of £1m and £500,000 in April and May this year....

A Sinn Fein spokesperson said: “We’re obviously pleased that he has chosen to bequest this sum to the party and it’s a positive boost to Sinn Féin in working towards Irish unity and towards our political objectives...
Fuaranach is offline  
Advertisement
31-08-2019, 14:19   #2
biko
Arbiter
 
biko's Avatar
That is a bit if a surprise alright.
biko is offline  
Thanks from:
31-08-2019, 14:20   #3
MadYaker
Registered User
 
Join Date: Dec 2010
Posts: 7,729
Brand new election posters all round so? Could avoid inheretance tax by setting myself up as a one man political party?
MadYaker is offline  
(2) thanks from:
01-09-2019, 19:22   #4
blinding
Registered User
 
Join Date: Jul 2008
Posts: 5,669
That bloody clutch cost a bomb ?
blinding is offline  
01-09-2019, 19:30   #5
EmmetSpiceland
Registered User
 
EmmetSpiceland's Avatar
 
Join Date: Mar 2019
Posts: 2,322
Should have had a “stipulation” they must take their elected seats.
EmmetSpiceland is offline  
Thanks from:
Advertisement
01-09-2019, 19:33   #6
statesaver
Registered User
 
Join Date: May 2012
Posts: 654
He must of been a damn good mechanic
statesaver is offline  
01-09-2019, 19:35   #7
Spanish Eyes
Registered User
 
Join Date: Jan 2010
Posts: 10,044
His relatives friends and acquaintances must be raging!

But just goes to show, your will is what what you want! Make one now.....
Spanish Eyes is offline  
01-09-2019, 20:02   #8
JohnnyFlash
Registered User
 
JohnnyFlash's Avatar
 
Join Date: Jan 2018
Posts: 3,658
Wonder did he give the once over check to the vehicles used in the Northern Bank robbery?
JohnnyFlash is online now  
01-09-2019, 20:57   #9
Aegir
Registered User
 
Aegir's Avatar
 
Join Date: Aug 2016
Posts: 2,647
that'll keep them in toner cartridges for months.
Aegir is online now  
Advertisement
01-09-2019, 21:45   #10
kowloon
Registered User
 
Join Date: Jun 2006
Posts: 9,494
Quote:
Originally Posted by Aegir View Post
that'll keep them in toner cartridges for months.
True, as long as nobody takes the piss and sets it to photo quality.
kowloon is offline  
(2) thanks from:
01-09-2019, 21:49   #11
TheValeyard
Registered User
 
TheValeyard's Avatar
 
Join Date: Mar 2018
Posts: 5,159
Think Sinn Fein are as surprised as anyone else. Probably not used to getting all that money legally.
TheValeyard is offline  
02-09-2019, 01:54   #12
end of the road
Registered User
 
Join Date: Mar 2012
Posts: 23,267
an absolutely wonderful jesture.
may this great man rest in peace.
end of the road is offline  
(2) thanks from:
02-09-2019, 02:09   #13
Topgear on Dave
Registered User
 
Topgear on Dave's Avatar
 
Join Date: Oct 2016
Posts: 2,418
Stroke of luck that it went up north and not to HQ down south where it would be too large to be accepted.
Topgear on Dave is offline  
Thanks from:
02-09-2019, 08:49   #14
 
Join Date: Aug 2011
Posts: 8,464
Fantastic to clean money
Roger Hassenforder is offline  
02-09-2019, 09:18   #15
JohnnyFlash
Registered User
 
JohnnyFlash's Avatar
 
Join Date: Jan 2018
Posts: 3,658
Quote:
Originally Posted by end of the road View Post
an absolutely wonderful jesture.
may this great man rest in peace.
Ya, he donated a load of money to a party of hurlers on the ditch. Stunning gesture.
JohnnyFlash is online now  
Post Reply

Quick Reply
Message:
Remove Text Formatting
Bold
Italic
Underline

Insert Image
Wrap [QUOTE] tags around selected text
 
Decrease Size
Increase Size
Please sign up or log in to join the discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Share Tweet