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Joined 1 year ago
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Cake day: June 20th, 2023

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  • These are the rules for normal people…

    Inheritance Tax

    is a tax on the estate (the property, money and possessions) of someone who’s died.

    There’s normally no Inheritance Tax to pay if either:

    • the value of your estate is below the £325,000 threshold
    • you leave everything above the £325,000 threshold to your spouse, civil partner, a charity or a community amateur sports club

    The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate that’s above the threshold.

    https://www.gov.uk/inheritance-tax

    Business Relief for Inheritance Tax

    What qualifies for Business Relief

    You can get 100% Business Relief on:

    • a business or interest in a business
    • shares in an unlisted company

    You can get 50% Business Relief on:

    • shares controlling more than 50% of the voting rights in a listed company
    • land, buildings or machinery owned by the deceased and used in a business they were a partner in or controlled
    • land, buildings or machinery used in the business and held in a trust that it has the right to benefit from

    You can only get relief if the deceased owned the business or asset for at least 2 years before they died.

    https://www.gov.uk/business-relief-inheritance-tax/what-qualifies-for-business-relief









  • d00ery@lemmy.worldtoSteam Deck@sopuli.xyzGaming 2024
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    1 month ago

    I WFH, so my chair gets a lot of use - it’s one of the tools I use.

    If I was an electrician, or I commuted to work I know I’d be paying for tools, fuel, repairs, train tickets etc

    I don’t know what your circumstances are, but I find a cheap chair falls apart pretty quick.



  • The better office chairs have 10+ year warranties, if you spread out the cost of buying a cheap chair (£150) every 2 years Vs a £1000 one that lasts 10 years its not such a huge difference in price whilst the benefits to your back are worth much more.

    I know not everyone can afford this, but it’s worth checking for interest free credit from either the manufacturer, store, or even PayPal / klarna (which is what I did).