How to pay taxes until death in the United Kingdom 🇬🇧


Me: I earn €100k
HMRC: Great. We will accept about €40,000.
Me: I buy a car for €30,000.
HMRC: add 20% VAT
Me: I invest and make €20,000 profit.
HMRC: Capital gains, please
Me: I gift my son €10,000
HMRC: I hope you live 7 years
Me: I sell some things online and earn €200
HMRC: Those are income. Declare them.
Me: I buy a house for €400k
HMRC: Stamp duty, please
Me: I finally retire
HMRC: Great! Now we tax your pension.
Me: I die
HMRC: Inheritance tax, please
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