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Archive for October 18th, 2006

‘One third’ of homes face 40% tax

One in three UK homeowners will now be subject to a 40% inheritance tax, research suggests. The survey by Scottish Widows bank claims 8.2m people - 34% of homeowners - have assets worth more than the £275,000 threshold for the tax.
The survey of over 2,000 homeowners found most were unaware of the limit and 73% […]

Checking your tax code

 Chas Roy-Chowdury head of taxation at the Association of Chartered Certified Accountants (ACCA) will help us explain a tax code.
If you submit a self-assessment tax return, or have benefits in kind, you should shortly be receiving a notice of coding.
The notice is a series of numbers and letters which spell out the amount you can […]

Barclays target the rich and famous

Popstars and footballers are among the growing number of millionaires being targeted by UK bank Barclays. Barclays said it plans to spend £375m over the next three years on boosting staff and upgrading computer systems at its wealth management division.
In the past, other banks, such as UBS and Coutts, have been seen as being the […]

Tycoon buys stake in Aer Lingus

Irish businessman Denis O’Brien has bought a 2.1% stake in Aer Lingus, and says he wants to help thwart Ryanair’s hostile takeover bid for the airline. The move by the millionaire Digicel tycoon is the first effort by a third party to try and help Aer Lingus see off Ryanair’s approach.
It comes as Ryanair pushes […]