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96期跑狗图答案

2020-02-19 01:20:42 官方地址:http://pm2517.com 浏览次数 403791
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DEATH & TAXESWHEN death duties were brought in a hundred years ago, they were 96期跑狗图答案 only ever meant to tax the super rich. But the endless rise in house prices means thousands of ordinary people face paying todays equivalent - inheritance tax. Many family homes are now worth more than the #275,000 inheritance tax threshold and once retirement savings are added in, even more people are caught in the net. Joyce Rahn of Norwich Peterborough building society explains how the tax works and how you can avoid paying too much. Q: What is inheritance tax? A: Its a levy on your estate - home, savings, car and other valuables - when you die. If its worth more than #275,000, your beneficiaries will have to pay 40 per cent tax on the rest. For example, if your home was worth #275,000, you had #25,000 in sav

ings and a car worth #10,000 and owed #5,000 including funeral bills, your estate would be worth #305,000 net. Thats #30,000 above the tax threshold on w

hich youd pay #12,000 tax. Q: How long have you got to pay it? A: Payment is due six months after the end of the month in which death occurred. Q: What if the house has to be sold to pay the tax? A: Interest is charg

ed on any tax not

paid by the due date, no matter what caused the delay. Q: What if I leave everything to my spouse? A: Everything left to a spouse is tax-free. But when the survivor dies, your children may be liable. Q: What if we each leave half the house to our children? A: If your spouse continues living there rent-free, the taxman may say he or she owns it. Q: Can the tax be reduced? A: Yes, theres a lot you can do. Anything given away seven years before you die is exempt from tax, for example. Q: What if you give money away but die within the seven years? A: The tax is staggered over the seven years so youd still save some money. Q: What other concessions are there? A: A husband and wife are each allowed to give away up to #3,000 a year wit

hout tax being paid on it. You can also offer an unlimited number of gifts of #250 or less. In addition you can make wedding gifts of up to #5,000 to each of your children, and up to #2,500 to each grandchild. Q: What if I leave money to charity? A: All outright gifts made to charities are completely free of inheritance tax. Q: Are there any other ways to minimise the potential tax bill? A: You can also put money into a trust for the benefit of your children or grandchildren, for example. Whatever you do, consult an independent financial adviser. They can also help you draw up a will. Joyce Rahn is head of IFA Services at Norwich Peterborough.

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