@mattyukfinance: How billionaires avoid tax but still spend the money. 💸 It’s not a secret loophole. It comes down to one thing: you only pay tax when you sell. 🔹 A billionaire’s wealth sits in assets like shares, which grow in value on paper. That’s “unrealised” gain, and unrealised gains aren’t taxed. 🔹 They need cash to live, so they don’t sell. They borrow against the assets instead (a secured loan). 🔹 A loan isn’t income, so there’s no income tax on it. 🔹 Their assets keep growing while they spend the borrowed money. The result is that someone on £100k can pay a higher effective tax rate than a billionaire who “earns” almost nothing on paper. It’s legal, and it’s why people debate wealth taxes and capital gains reform. Whether it’s smart planning or a system that needs fixing is up to you. 👇 Where do you land? Comment below. Follow to learn how money really works, and save this one for later. 🔖 #PersonalFinance #Billionaires #Tax #UKFinance #MoneyExplained WealthTax

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2026-10-30 13:16:03

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