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Does spouse inherit private pension?
Since pensions are invariably held outside the holder’s estate, they are not subject to inheritance tax. If an individual dies after age 75, they will sti...
Category: Arts
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Can directors loans be written off?
A close company can write off a director’s loan but again there will be significant tax consequences. The loan must be formally waived however, otherwise ...
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Why was Victoria a dangerous place in February 2009?
The cause of the Kilmore East-Kinglake bushfire was found by the 2009 Victorian Bushfires Royal Commission to be an ageing SP AusNet power line. What caus...
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Will my tax credits stop if I report a change?
If you do not tell HMRC about changes in your income or other circumstances during the tax year, they will not know until the end of the year how much you...
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Can I buy property with a mortgage?
You must get an appraisal before you buy a home with a mortgage loan. Lenders require appraisals because they can’t lend out more money than a home is wor...
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How much will I be taxed on 31000?
If your salary is £31,000, then after tax and national insurance you will be left with £24,720. This means that after tax you will take home £2,060 every ...
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What should my tax code be if I am married?
The tax code of the partner receiving the Marriage Allowance will usually change to ‘M’. This shows they’re getting Marriage Allowance from their partner....
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Can you live in a rental and not be on the lease?
No, but a landlord usually requires that everyone who is living in a rental unit be named on the lease agreement – either as a tenant or occupant. However...
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Can I carry forward unused annual allowance?
If a particular tax year’s unused annual allowance isn’t fully used, it can only be carried forward for up to three years. After that, it’s lost. Remember...
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What job can you retire the earliest?
Here are just ten of the types of jobs that let you retire early. Politician. Government worker. Investment banking/high finance. Business consultant. Sta...
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Do finance companies make loans to individuals?
According to Nasdaq, the primary function of finance companies is to make loans to individuals; they don’t receive deposits as banks do. Finance companies...
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Can directors be personally liable in a private limited company?
A company is a legal person; hence the directors are not personally liable for acting on behalf of it. They have a fiduciary relationship with the company...
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How long do you have to serve to get an army pension?
A minimum of two years’ service is needed in the scheme in order to be entitled to any pension. Commissioned Officers can leave with immediate pension awa...
