Archive for 'Tax'
Property tax for beginners
More and more people are facing tax charges on the sale of their homes where they own more than one property or are selling off land for property development.
Profits made on the sale of your house are exempt from capital gains tax (CGT) if it is your only residence or your main residence throughout the […]
Posted: January 3rd, 2008 under Tax, Property.
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What are the advantages of taking out a joint term life policy with ones spouse?
This is all about tax. Inheritance tax to be precise. Now, tax isn’t fun, but any tax capable of being avoided must be more appealing than other taxes. Inheritance tax is one of the few taxes that can legitimately be avoided with a good deal of attention to detail and some forward planning. Make use […]
Posted: November 17th, 2006 under Tax, Insurance, Term Insurance.
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Save us from this unfair tax
Financial Mail readers have delivered a powerful message - the current level at which the dreaded ‘death tax’ kicks in is far too low. More than 50% of respondents think that the inheritance tax threshold should be set at £1 million - more than £700,000 higher than the present level.
A further 24% believe that it […]
Posted: November 2nd, 2006 under Tax.
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Save us from this unfair tax
Financial Mail readers have delivered a powerful message - the current level at which the dreaded ‘death tax’ kicks in is far too low. More than 50% of respondents think that the inheritance tax threshold should be set at £1 million - more than £700,000 higher than the present level.
A further 24% believe that it […]
Posted: November 2nd, 2006 under Tax.
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Boost for tax-free saving
A boost for tax-free saving was announced by the Government today. Economic Secretary Ed Balls revealed that the rules governing individual savings accounts (Isas) are to be relaxed to encourage individuals to save more of their money.
Although Isa savings are very popular, they are seen as unnecessarily complicated. At present there are cash-only Isas and […]
Posted: November 2nd, 2006 under Tax Free Savings.
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Need advice about how to plan for inheritance tax?
Knowing the basics
First, the basics. Inheritance tax is not a tax paid by you, but by your beneficiaries. On your death, your will undergoes a process called probate, which involves approval by a court and some legal expense. The solicitors and the executor of your will tot up what you own and present these accounts […]
Posted: October 29th, 2006 under Tax.
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Are you willing to pay higher fuel taxes?
The size of the tax
Tax on petrol has always been contentious. Introduced in 1909 at 3d per gallon, it was doubled to 6d (2.5p) in 1915. Abolished in 1919 when road tax discs began, it was re-introduced in 1928 and has been with us ever since.
If you drive 10,000 miles a year in a typical […]
Posted: October 29th, 2006 under Tax.
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A necessary evil: why higher fuel taxes are inevitable
Fuel is back on the top of the tax agenda for the first time since the fuel protests of 2000.
Whether you take cheap flights to Europe, buy a residents’ parking permit for your Range Rover or merely drive to work, you can soon expect to pay more in taxes based on the fuel you use.
Environment […]
Posted: October 29th, 2006 under Tax.
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