Inheritance Tax, also known as IHT, is levied against money and assets that you leave behind at death. It also applies to certain gifts you might make shortly prior. You do have the ability to pass a certain value of your assets to your heirs without worrying about the IHT. This is called the ‘tax-free allowance’ or the ‘nil rate band.’ Inheritance Tax doesn’t apply at all to assets you pass to your spouse or civil partner. Note that in these special circumstances, all of the same HMRC forms need to be filled out and filed. Your heirs need not pay any tax, but the details of the inheritance must be reported.
At present (for the current tax year), the tax-free allowance is set at £325,000.
“This figure is likely to remain stable for the foreseeable future,” comments Probate experts at Probaters.
Beyond the nil rate band, there is …
Due to the numerous activities you are doing in your home, it’s bound to gather a lot of clutter. When summer is over, beach shoes, straw sun hats and sand will clog your home. Your outdoors will be littered with rusting barbecues and blooms that have started withering because of the change of weather. A good clear out will be cathartic but maybe you should consider a few feng shui tricks to keep your home clean.
Through feng shui, you can create harmony in any living space. It’s a traditional Chinese art where you can create a good balance between yin and yang, the hard and soft, the light and dark or the stillness and movement. According to the feng shui experts, the sorting out should move beyond the smaller irritations to the bigger issues that affect your entire home. Note that everything in your home will affect the energy …
During November there was a slight increase in yearly house price growth, but it is still a subdued market.
There were 1.9% higher prices compared to a year ago, which is up from October’s 1.6% five-year low, according to the building society.
Robert Gardner, the chief economist for Nationwide, says that looking forward, a lot will depend on how the broader economic conditions continue to evolve.
Over the near term, the uncertain economic outlook and squeeze on household budgets most likely will continue putting a damper on demand, despite continuing low borrowing costs and an unemployment rate that is near its 40-year low. If employment continues to increase and uncertainty is lifted in future months, there is room for activity to pick up the pace throughout next year. There has already been a moderation starting to occur when it comes to the squeeze on household incomes and it has been …
What are Drum Pumps?
Due to the increase in industrialisation in developing and developed countries, the demand for oil and lubricants is growing. Liquids like oil and lubricants are usually stored in drums, tanks, and barrels. A drum pump is a type of small, portable pump that is a lightweight solution to the problem of emptying these liquids from drums, tanks, and barrels. Drum pumps are suitable for the transfer of diesel oil, engine oil, gasoline, milk, acid, alcohol, hydraulic oil, and vegetable oil as well as other corrosive and lubricative liquids.
Many industrial fluids are extremely heavy when it put into drums or barrels for transportation. In order to get the liquid out of these vessels, manufacturers such as Flux Pumps make use of drum pumps in preference to tipping the drum or barrel to get the liquid out. High demand for drum pumps is generated by various industries …
There are a lot of different undergraduate courses to choose from and this can make finding the right degree a long and hard process. You can easily feel overwhelmed with the thousands of degrees on offer to students across the UK. When you add this to the fact that you need to pick 5 related courses to improve your chances of being accepted into university, you will see that choosing the right degree is not an easy task.
The Types of Undergraduate Qualifications
The type of qualification that you are going to be studying will be determined by the subject that you choose. If you are an aspiring engineer or social worker, you should consider a practical course such as the Higher National Diploma or a National Vocational Qualification. However, the most popular route will be a bachelor’s degree, but they are not the only option.
The bachelor’s degree is …