Is boating in a death spiral?

I worked at one of the Bacton gasworks, they too have a system of concrete bunds, which collects any nasties that may be spilled. Rainfall over all the machinery is also collected, and any oils etc separated for processing elsewhere, water then goes to the sea after being very carefully checked .

The yard I get my antifouling done I is a little less careful I've seen some boats pressure washed / blasted leaving a trail of particles in the water..
 
The Q said:
I worked at one of the Bacton gasworks, they too have a system of concrete bunds, which collects any nasties that may be spilled. Rainfall over all the machinery is also collected, and any oils etc separated for processing elsewhere, water then goes to the sea after being very carefully checked .

The yard I get my antifouling done I is a little less careful I've seen some boats pressure washed / blasted leaving a trail of particles in the water..
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The two boatyards on the River Vilaine where I laid my boat up had tanks to collect the waste. Boats to be pressure washed had to be positioned over the tank during the cleaning.
 
Poignard said:
The two boatyards on the River Vilaine where I laid my boat up had tanks to collect the waste. Boats to be pressure washed had to be positioned over the tank during the cleaning.
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and what was done with the water?

I probably use 1000 gallons of water when I pressure wash my boat
 
Sea Change said:
It would be better all round if the business was passed on to somebody who actually wanted to run it properly.
The inheritance tax system should be set up to encourage this.
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It is:

What qualifies for Business Relief​

You can get 100% Business Relief on:

  • a business or interest in a business
  • shares in an unlisted company
You can get 50% Business Relief on:

  • shares controlling more than 50% of the voting rights in a listed company
  • land, buildings or machinery owned by the deceased and used in a business they were a partner in or controlled
  • land, buildings or machinery used in the business and held in a trust that it has the right to benefit from
 
chriss999 said:
It is:

What qualifies for Business Relief​

You can get 100% Business Relief on:

  • a business or interest in a business
  • shares in an unlisted company
You can get 50% Business Relief on:

  • shares controlling more than 50% of the voting rights in a listed company
  • land, buildings or machinery owned by the deceased and used in a business they were a partner in or controlled
  • land, buildings or machinery used in the business and held in a trust that it has the right to benefit from
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I see you haven't noted the changes in last October's budget that come into effect in April 2027.
 
flaming said:
I see you haven't noted the changes in last October's budget that come into effect in April 2027.
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I know the changes relating to pensions, and there has been a lot of fuss about family farms, but I’m unaware of any changes affecting businesses.
Since I retired I’m less bothered, I suppose, but are there any other relevant changes to IHT?
 
chriss999 said:
I know the changes relating to pensions, and there has been a lot of fuss about family farms, but I’m unaware of any changes affecting businesses.
Since I retired I’m less bothered, I suppose, but are there any other relevant changes to IHT?
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Yes. Exactly like Agricultural property relief, Business property relief is now only 50% after the 1st million. So effectively everything after the 1st million is taxed at 20%.

This is something of an issue to companies like ours where a significant portion of the "book value" of the company is in the value of the property and land. When you are a factory and wish to keep trading you cannot sell part of the factory in order to meet an inheritance tax bill. However much farmers might hate it, they do at least have that option.

Whilst some people might look at the value of the inherited asset and think that rate of IHT fair enough, that asset only has that value if you want to sell. If you wish to keep trading, and keep employing people, the asset value is irrelevant, and the cash is not there to meet the bill.
 
winch2 said:
In my channel Ive noticed quite a few 40 footers all looking very neglected. And assuming I read this correctly. Who on earth can afford 10k pa marina fees for a paltry 30 footer?

My little off the wall theory. I think its all being driven by the MoBo lot who in the main are self made businessmen with pots of money and little time for "messing about in boats" who demand and can pay for the easiest route to the water at whatever cost.
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H,mm. We have 80/90 boats on our club moorings, nearbye a couple of other clubs with similar numbers and populated by similar boats and probably owners.
Our boats tend to to be from 25 to 50 feet the majority around 35-40 ft, we do have the odd small sailing boat, but only the more skilled/adventurous appear to be willing/able to attempt to get under a nearbye bridge.
All our newer more modern boats, without exception. tend to be small.

Our local posh marina(s) do charge the rates mentioned above but our club moorings cost around £1200 PA with on site fuel currently at £1.00 a litre.
Budget moorings do require club members to get their hands dirty now and again (and again)
 
ProDave said:
But that is NOT the case. As I already said, my daughter is preparing to buy her own house, perfectly affordable here on not much above minimum wage job. There is no way on or slightly above min wage that would be even remotely possible down south.

I look at headlines about "housing crisis" in the Highlands and shake my head in disbelief. If you think there is a problem here, go and look elsewhere, then you will come back here and realise how easy it is.
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Buying a house in the SE is simple, you just need to have parents capable of giving you bag of money to move out. ?
 
oldgit said:
before or after Top Gear hitches up ?
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Dunno but they have such hearty adventure sounding names for something made of chipboard and pressed tin and vinyl. Got to be tough as old boots eh
Always :
Explorer
Intrepid!
Grand Yeeha Rapid
Mountain Ranger
Safari Seeker

Never:
Pennine Plodder
Dartmoor Dawdler
Isle of Wight Idler
 
Apparently plenty of deserted villages in Italy just waiting to be snapped up based on programme just saw. It always amazes me how cheap properties are in parts of Spain as well. Maybe a place in the sun is fictional though.
 
ashtead said:
Apparently plenty of deserted villages in Italy just waiting to be snapped up based on programme just saw. It always amazes me how cheap properties are in parts of Spain as well. Maybe a place in the sun is fictional though.
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I haven't seen the programme but my question would be - "Why don't the Italians want to live there?"

Might it be that there's no work there, nothing to do, no entertainment, nobody interesting to meet, &c?
 
Not certain the programme explained that part -it was more about the expats buying up run down villages and restoring the old properties . I will try to find the details though to enable viewing. Maybe they rented out rooms to those fleeing from the city to paint or walk.
 
I think it’s a stupid program....I kind of see the point of the renovate a chateau programs...lots of people want to live in a grand house... and most can’t afford to...so they devote their lives to it ....it’s a bit of a waste of life in my opinion...except for the hosts of some of those programs who probably make their real income from tv production.
But the ruined village in the middle of nowhere ?...that logic fails me
Although, as boat owners we have no right to judge anyone’s reasoning ...or sanity
 
Rivers & creeks said:
Having just been through the sale of our boat and looking for another I can’t get over the harsh realities. Boats that would have been £10,000 pre-Covid are now un-saleable at £3,000. Brokers tell me they have a number of clients who would give away their boats AND pay the £1,000 brokers commission.
Marinas are now so insanely expensive, people in their 20’s and 30’s trying to claw their way onto the housing ladder would laugh at the idea of boat ownership. A humble swinging mooring is still £2,500 a year with lift in/out, winter storage, maintenance and insurance.
Some youth sailing programs are thriving, our local club is. But that’s no longer going to lead on to boat ownership. The over-priced marinas will cheerfully turn themselves into the waterfront housing developments they’ve always wanted to be and the trades that support boating will dwindle.
High end stuff will still be made and sold and they’ll be a thriving hire market but as for the days of families going sailing in their own boat - that’s going fast 🙁
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Absolutely correct
 
There was a mystique about going to sea....that is ingrained into the older generation....from when the country had a huge navy and merchant marine....where war films kept the memory alive of the plucky island nation...where all great adventures started first by ship. This was the salt in the blood.....nowadays it’s a theme park....and it has to compete with theme parks on land, as well as virtual ones and cheap flights to a distant theme park
 
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