Is Inheritance Tax on a sliding scale? How rates are applied above threshold and on gifts | Personal Finance | Finance

Inheritance Tax is a tax on the estate (property, money and possessions) of a person who has died. The standard threshold is £325,000. Normally, if the value of the estate is below the threshold, then there’s no Inheritance Tax to pay. Similarly, should a person who leaves everything above this threshold to a spouse, civil partner, a charity, More...

by Tony Korbe | Published 8 hours ago
By Tony Korbe On Thursday, September 19th, 2019
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Pound US Dollar exchange rate: BoE’s Brexit delay warning leaves GBP/USD flat | City & Business | Finance

The bank revealed that a weakening of global growth prevented the UK economy from reaching its full potential, a problem which the bank believes will intensify if the government fails to secure a Brexit deal More...

By Tony Korbe On Thursday, September 19th, 2019
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Pound US dollar exchange rate softens, all eyes on the Federal Reserve | City & Business | Finance

The Federal Open Market Committee (FOMC) concludes its September policy meeting today, with the Fed widely expected to announce another rate cut later this evening. In what would be the Fed’s second cut in More...

By Tony Korbe On Wednesday, September 18th, 2019
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CLASSIC CANES: DOWNTON delivers celebrity dividend for stylish walking sticks maker | City & Business | Finance

The Somerset-based family business sees demand, especially in the US, surge by up to 20 per cent when Maggie Smith’s dowager countess appears sporting her elegantly crafted support. Now a new uplift is surfacing More...

By Tony Korbe On Wednesday, September 18th, 2019
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Inheritance Tax on gifts: How rates may be affected on gifts given in years before death | Personal Finance | Finance

The standard Inheritance Tax rate is 40 per cent. This is not payable on the part of a person’s estate – meaning their money, possessions and property – below a specific threshold. In some situations, More...

By Tony Korbe On Tuesday, September 17th, 2019
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Who won Premium Bonds jackpot in September 2019? This month’s £1 million winners revealed | Personal Finance | Finance

The September 2019 prize draw winners for NS&I Premium Bonds has been revealed. This month, two Premium Bonds holders each scooped the £1 million jackpot. There was even more up for grabs, with the total More...

By Tony Korbe On Tuesday, September 17th, 2019
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What Inheritance Tax does a spouse pay? Why it may not be payable after partner’s death | Personal Finance | Finance

Inheritance Tax may be required to be paid to HM Revenue and Customs (HMRC). The standard Inheritance Tax rate is 40 per cent. However, this is only payable on the portion above the threshold. Normally, there More...

By Tony Korbe On Monday, September 16th, 2019
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PAPIER.COM: New investment for millennials’ stationery favourite funds US expansion | City & Business | Finance

Founded in 2015 in London by chief executive Taymoor Atighetchi, the on-demand, lifestyle brand is forecasting a £15 million turnover this year thanks to its in-house collections along with design and fashion More...

By Tony Korbe On Monday, September 16th, 2019
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Turkish lira crisis: Interest rates slashed in desperate attempt to avoid recession | City & Business | Finance

The reduction to 16.5 percent represents Turkey’s second aggressive cut in less than two months as it seeks to add much-needed momentum to a recession-hit economy. The bank, headed by recently-appointed Governor More...

By Tony Korbe On Sunday, September 15th, 2019
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Universal Credit changes: When will you get paid? New system comes in to force on this day | Personal Finance | Finance

Universal Credit changes are being implemented by the Department for Work & Pensions in October. Claimants will see a change in the amount they are paid from October 2. The changes will affect those who More...

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