society
Do private pensions get passed to children?
The new pension rules have made it possible to leave your fund to any beneficiary, including a child, without paying a 55% ‘death tax’. If you die before ...
Category: Society
society
What is a chargeable event on a bond?
A: A ‘chargeable event’ happens when certain events occur or money is taken out of a bond. Details are available here. A calculation is done to see if a c...
society
How long can you live outside the UK with settled status?
5 years You can live outside the UK for 5 years without losing your settled status. With indefinite leave to remain, you can only live outside the UK for ...
society
Do you have to pay inheritance tax if your spouse dies?
Transfers between married couples and civil partners are not usually subject to inheritance tax (IHT), so if the first partner to die leaves their entire ...
society
Can HMRC charge interest on penalties?
If you pay a penalty late, HMRC will also charge interest on the penalty. If you are struggling to pay as a result of changes to your income because of th...
society
What if the home I am buying will be my main residence?
If the home you are buying replaces your main residence, you will not be liable for the 3% surcharge, even if you own an additional property/properties (s...
society
Can an international get a mortgage?
Both permanent and non-permanent resident aliens can obtain mortgages in America, pretty much like everyone else. They can even get FHA, Fannie Mae and Fr...
society
Can a charity have only one member?
In most charities, members are the foundation of the legal structure: the charity must have one or more members in order to exist. However, the nature of ...
society
Do I have to pay taxes on blackjack winnings?
Blackjack winnings are subject to the federal income tax and, in some states, a state tax. If you received any other form of compensation as a result of g...
society
Can you pay UK tax in Spain?
All the incomes generated from the possession of a property in the United Kingdom can be taxed both in Spain and in the UK. Again, the fiscal resident has...
society
Can I gift a company money?
Simply giving money to a company without any intention or requirement for the money to be repaid will be deemed a gift. Therefore, we strongly recommend t...
society
How do I process PAYE?
Setting up payroll Register as an employer with HM Revenue and Customs (HMRC) and get a login for PAYE Online. Choose payroll software to record employee’...
society
Does marriage mean you own your spouse?
California’s separate property laws apply to a house owned before marriage. (b) A married person may, without the consent of the person’s spouse, convey t...
