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Types Of Property Tax Explained

By P Green

Several famous people including Benjamin Franklin have said over the centuries that the only certain things in life are death and taxes!

While we can’t help with the former, we can with tax and especially helping you to understand property tax.

It’s an unfortunate fact of life that you could be charged money in the form of a tax when you move house, especially if you are a property developer trying to make a profit.

There are several different ways that you can be stung. And while this article can’t help you legally minimise your property tax bill (there are plenty of accountants who will do that), it can at least make you aware what you might end up paying.

Here are the main types of property tax explained and explored:

[youtube]http://www.youtube.com/watch?v=nzMDP9UezJ0[/youtube]

Stamp duty

This is the main way most people in the UK pay a tax on their home. It’s a tax that has been around for more than 300 years, and was introduced as a tax on written documents that needed a physical stamp to be attached. These days it exists primarily as a tax on the transfer of shares and securities, and in a different form, as a property tax.

You pay stamp duty land tax when you buy a house or other property, and the amount of tax paid depends on the purchase price. The current threshold for a domestic property is 125,000. If the purchase price is below this no tax charge for you. But if the house costs between 125,001 and 250,000, you’ll pay 1 per cent of the purchase price in tax.

And that percentage goes up, the higher the asking price of the house. If it’s between 250,001 and 500,000 it’s 3%. And for homes worth more than half a million pounds, it’s 4%.

There’s one other exception if you are buying a house in an area the government has declared a disadvantaged area. There you don’t pay any property tax if the purchase price is 150,000 or less.

Capital gains tax

This is a property tax that you pay when you sell your house but the good news is that most of us won’t pay it. CGT doesn’t apply in most cases when you are selling your main home, only if you are an investor and have extra properties that you wish to sell. Then you amount of tax you pay will depend on your income and how many other chargeable properties or other capital gains you have made. It can be as low as nothing and as high as 40% of the profits you have made! Most investors need an accountant to help them plan for this and keep their tax bill as low as possible.

Inheritance tax

Some people call this death tax, as you are only liable to pay it when you inherit something from someone who has died. If it’s under the threshold of 285,000 you won’t pay anything but anything above that is taxed at 40%. Thanks to the huge increase in house prices over the last few years, there are many “ordinary” people who have property worth that much, meaning many more people are being stung by this tax. Years ago only very rich people were hurt by it; current figures show 2.4 million people will now be affected when they die.

Again, a good accountant should be brought in as early as possible to help plan and minimize this tax. It’s relatively easy and perfectly legal to change your estate years before you die to prevent having to pay it.

Property Today link:

propertytoday.co.uk/Types-of-property-tax-explained.11018.3786479.story

About the Author: Property Today is a website that helps you

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China overtakes Germany as world’s biggest exporter

Sunday, January 10, 2010

Chinese officials have said that their country’s exports surged last December to edge out Germany as the world’s biggest exporter.

The official Xinhua news agency reported today that figures from the General Administration for Customs showed that exports jumped 17.7% in December from a year earlier. Over the whole of 2009 total Chinese exports reached US$1.2 trillion, above Germany’s forecast $1.17 trillion.

Huang Guohua, a statistics official with the customs administration, said the December exports rebound was an important turning point for China’s export sector. He commented that the jump was an indication that exporters have emerged from their downslide.

“We can say that China’s export enterprises have completely emerged from their all-time low in exports,” he said.

However, although China overtook Germany in exports, China’s total foreign trade — both exports and imports — fell 13.9% last year.

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School dinner costs just 49p in Wales

Wednesday, March 30, 2005A survey carried out by BBC Wales has revealed that the contents of a school meal in Wales cost on average just £0.49 per pupil. Average spending on meal ingredients varied slightly from council to council; with the Cardiff City council spending just £0.40 on each meal, whilst Powys council lavished £0.69 per pupil.

The survey follows a recent surge in media coverage of the eating habits of teenagers and children in the UK. Celebrity chef Jamie Oliver recently embarked on a campaign to improve food standards and raise awareness in schools. In response to his campaign the government has promised to spend an additional £280 million over three years on school food in England.

The survey covered twenty councils throughout Wales.

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The History Of Tie Dyed T Shirts

The History of Tie-Dyed T-Shirts

by

The Sider Group

When people think of tie-dye t-shirts, they think of Woodstock, hippies, Joe Cocker, John Sebastian, and all those cool cats. Today, tie-dye t-shirts are very popular and they are worn by people in different parts of the world. Have you ever wondered about the origins of these colorful shirts?

According to historical records, the technique of tie-dye was first used in China and Japan. During the T ang dynasty from 618 to 906 C.E., the Chinese were using tie-dye and the Japanese were also using this technique during the Nara period from 552 to 794 C.E. The dyes were derived from natural elements like roots, marigold, indigo, sage, lichen, onion, blackberries, berries, and flowers. The process of color extraction was quite simple. To extract the colors, the items would be placed in boiling water until the water became a dye. After that, the cloth would be dipped into the dye so that the color can seep into the cloth.

In Japan, the technique was further refined with the invention of tsujigahana, which was a new type of tie-dye. This happened around 1568 to 1603 during the Momoyama period. In this process, a type of Chinese ink known as sumi was used in combination with the tie-dye. Basically, sumi would be used to draw or sketch images on the cloth pieces. After the ink dried, the garments would then be dipped into the dye. At the end of the tie-dye process, the fabric would take on the color of the dye and the images would be made darker, giving them a special aesthetic quality. Today, garments made with this technique are regarded as prized possessions.

[youtube]http://www.youtube.com/watch?v=dl4hWUZy1I8[/youtube]

The technique of tie-dye was introduced to the United States during the Roaring 20s and the Great Depression in the 1920s and 1930s. The Roaring 20s was a great period, and people were generally happy to try new things. Through pamphlets, people learned about the various ways to design clothes and decorate their homes by using tie-dye. These lessons would be very useful during the Great Depression because people could use sugar sacks, coffee, and old cotton flour to make their own home decorations or clothes.

When the 1960s rolled along, tie-dye t-shirts became all the rage. With millions of hippies, suddenly, Americans were seeing tie-dye t-shirts everywhere. The hippie lifestyle was based on themes of self-expression, individuality, and community. Tie-dye t-shirts were the perfect representation of these ideals because they could make their very own unique t-shirts without spending a lot of money, and at the same time, they are united because the simple act of wearing a tie-dye t-shirt meant that they belonged to the hippie nation. As the hippies made their way to Woodstock in 1969, the world saw the glory of the tie-dye, culminating in a grand kaleidoscope of colors.

In the 1980s, tie-dye shirts were very popular because some designers were reviving the look. Modern tie-dye t-shirts are made from superior paints and dyes which are more long-lasting than the earlier ones. Today, tie-dye t-shirts are still popular though they cannot approach the popularity of yesteryears.

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Actor Jerry Orbach dead at age 69

Friday, December 31, 2004

New York City — Actor Jerry Orbach died in his home in Manhattan at age 69. Orbach was a staple of American cinema, stage and television, with his most recent role being in the NBC police drama “Law and Order.”

Orbach is survived by his wife of 25 years, Elaine Cancilla, and his two sons Anthony and Christopher.

Orbach was born in the tough Bronx borough of New York City in 1935 to a family of entertainers. His father Leon Orbach was an vaudeville actor and his mother Emily Orbach was a radio singer and greeting card writer.

The family moved often to keep up with travelling Vaudeville acts, but eventually settled in Waukegan Illinois where Orbach played football at the local high school. After graduation, Orbach got a summer job at the Chevy Chase Country Club in Wheeling doing odd jobs ranging from stagecraft to small acting parts in plays.

He then studied drama at the University of Illinois before transferring to Northwestern where he studied the Stanislavsky Method of drama acting. In 1955, Orbach dropped out of college and moved to New York City where he got a job as an understudy in The Threepenny Opera.

Orbach continued to work in theater, eventually earning roles in broadway musicals, but by 1961 had grown dissatisfied with being typecast as a musical actor. He tried briefly to break into film without success, and eventually returned to broadway where he earned numerous accolades for his roles in such musicals as “Guys and Dolls” and “Chicago“.

Orbach finally broke into television in the 1980s as a recurring character in shows such as the mystery-drama “Murder She Wrote” and the hit sitcom “Golden Girls“.

He earned the lead role as the title character in his own short-lived series “The Law and Harry McGraw”, a spinoff of “Murder She Wrote”. Orbach also scored key roles in a few Hollywood films, including the action thriller “F/X”, and the dance-musical hit “Dirty Dancing”, but continued to find his mainstay in television crime dramas.

In 1990, he picked up a role in the new NBC crime drama “Law and Order” as the acerbic-witted Lennie Briscoe, a role which soon become a regular job. Orbach continued in this role in addition to movie roles and occasional musical appearances until his death this last week.

Orbach was diagnosed with Prostate cancer in Spring of 2004, a fact he kept private until November when he checked into New York’s Memorial Sloan-Ketting Cancer Center for treatment. In spite of the aggressive nature of the treatment, he died on the evening of December 28.

Retrieved from “https://en.wikinews.org/w/index.php?title=Actor_Jerry_Orbach_dead_at_age_69&oldid=3062990”
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The Benefits Of Scrapping Your Vehicle

Of course, cars get old, they break and sometimes they get destroyed in accidents. When you buy a new car, you want it to last as long as possible as you have probably invested a lot of money in it.

If you have an old car and your car is no longer able to be on the road, or there are other problems with your older car that it quickly becomes inefficient to try to keep them running, and sooner or later, you find it taking up space as it sits unused in your driveway. Apart from these problems it probably becomes a drag on your life and your finances also.

In that case you should start thinking about getting it scrapped by a professional company. There are many benefits to doing this including the fact that you will get some extra money for doing so and on top of simply not having to repair the car anymore that it will have quite a big impact on the environment.

In this article, we are going to talk you through the benefits of doing this, so make sure to keep reading if you are interested inscrapping your car.

Here are the top benefits of scrapping the car-

  • Eco- Friendly

Simply sending the car to a regular dump wastes means you are indirectly helping the environment. When your car is scrapped, there are a lot of parts in the average car that can be reused and recycled. On the other hand, if you scrap the car, all of those reusable parts stay in use. That means there is less of a need for more metal to be created in the future. Also helps keep the environment healthier and dangerous chemicals out of the landfill.

Whenever new metal is made, greenhouse gases are emitted, contributing to global warming. Your scrapped car could be used to make something else, can be used in other cars, in other metal objects, and even in consumer electronics. Make sure to try out scrapping your car if you want to make your mark on the environment.

  • Extra Cash

If you are running low on cash, then it might be time to finally get rid of that old car that you can’t use anymore. Although you might have lost your initial investment that you put in the car, you will be essentially getting money for a piece of junk. When you scrap a car, most places will pay you upfront in cash. It’s one of the quickest turnarounds in money for property out there.

On top of this, You’ll get more money depending on the make and model so make sure to get a few different quotes before committing. so, you don’t have to worry about trading cars in. You don’t need to fuss with selling the car. Just scrap it, get your payment for the car, and move on.

  • More Space in Your Garage

How long have you been trying to get rid of that old used car that sits in your garage? It might be time to accept the fact that no one is going to buy it off you and you should try scrapping it. Yes, removing that hunk of junk from your driveway or your yard will free up a lot of room.

Once you do eventually get your car scrapped, you’ll find that space can be used for a new car, for other storage, or simply left available as open space. ofcourse, you will be happy with your decision. On top of this, you’ll have some money to go towards buying a new car.

  • Saves Energy

If you want to help to save the amount of energy that is used when manufacturing metal, you should think about scrapping your car. When the metal is made from recycled metal you could be seeing as much as 92 per cent of energy saved for aluminium. When copper is made, 90 percent of energy is saved and the figures stand at 56 per cent for steel. Make sure to consider this if you are thinking about scrapping your car and need that extra push to help the environment.

  • No More Maintenance Charges

The final benefit of scrapping your car is regarding the economic benefits that the recycling industry will see. This is because it is a lot easier and therefore cost-effective to recycle metal rather than mining ore. The reason being, you only need to melt and reshape metal rather than do the smelting and minor. When the recycling industry is able to save money on this, they are able to spend money on other things such as the wages of workers or even reducing taxes. The economic benefits might not affect you directly, but you definitely will see them.

Final Thoughts-Now that you know about the benefits of scrapping your car, you should consider this If you are thinking about scrapping your car, you should make the call as soon as possible.

Getting rid of an old car can be a simple process. If you want to get your vehicle off of your hands in Mumbai, you can scrap it with Aslam Salim Motorwala. Give us a call to get your junk vehicle removed on the spot for cash!

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New South Wales government starts trial of hunting in national parks

Monday, February 17, 2014

On Friday afternoon, amateur shooters were briefed about a three-year-long trial of hunting in national parks of New South Wales, Australia. The meeting was held in Griffith near Cocopara Nature Reserve, where the first shooting operation of the trial was to occur on Saturday, targeting the feral goats.

The National Parks Wildlife Service (NPWS) has used aerial culls and baiting to reduce Cocoparra’s goat population, but there are said to be thousands of goats at the reserve. The feral animals to be hunted in other reserves may include cats, deer, dogs, and pigs, beside goats — depending on the reserve.

Shooters in the supplementary pest control trial were to be closely supervised by rangers, as the trial was monitored and its effectiveness evaluated. In a partnership of NPWS and the Sporting Shooters Association of Australia (NSW) Inc, qualified volunteers were recruited, under the Sporting Shooters Association’s hunting program. According to Mick O’Flynn, the Acting Director Park Conservation and Heritage with the NPWS, the four shooters selected for the first shooting operation received comprehensive safety and training instruction.

Following announcement of the close partnership of shooters with NWPS staff, the Greens cancelled planned picketing of the first shooting operation. However, State Greens MP (Member of Parliament) David Shoebridge warned, “This needs to be a government-run program, not run by the biggest gun lobby group in Australia”. He called limiting the meeting to members of the Sporting Shooters Association “outrageous”. Another concern raised by the Greens was the danger of armed people, not only to animals, but also to people visiting the national parks, should the shooters be unsupervised after the trial.

The trial was announced in the second half of 2013, though the plan has been significantly modified over time and has come to be regulated under the National Parks and Wildlife Act, in contrast with the original proposal of recreational hunting in national parks, as it was announced in May 2012 by New South Wales Premier Barry O’Farrell. This amendment of the Game and Feral Animal Control Act was part of a deal with the Shooters and Fishers Party. The government needed at least one vote from a Shooters and Fishers Party MP to pass electricity privatisation legislation, as both Labor and Greens opposed it. O’Farrell’s plans to allow pest control by licensed individuals called for licencing by the Game Council of New South Wales.

Following a report sharply criticizing the Game Council, the government dissolved it in mid-2013, suspended hunting on public lands, and reconsidered the plan to allow amateur hunters into national parks — thus breaking the earlier promise to the Shooters and Fishers Party.

Retrieved from “https://en.wikinews.org/w/index.php?title=New_South_Wales_government_starts_trial_of_hunting_in_national_parks&oldid=4271427”
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Gunman shoots at gamblers at Las Vegas casino

Saturday, July 7, 2007File:Newyorknewyork-corner.jpg

A 51-year-old man fired 16 rounds from a semiautomatic handgun from a balcony overlooking the floor of the New York New York Hotel & Casino in Las Vegas, Nevada. The shooting left four people with non-life threatening injuries. They were treated and released from a local hospital later that morning.

Steven Zegrean was tackled by two off-duty military reservists who held him down until Las Vegas police reached the scene. The incident occurred at 12:15 a.m. PST (UTC-7).

Mr. Zegrean was quickly arrested on felony charges including attempted murder, battery with a deadly weapon and discharging a firearm in an occupied structure. It is believed that he was emotionally distraught.

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Wikinews interviews biologist Chris Simon about periodical cicadas

Wednesday, June 12, 2013

In May, periodical cicadas with 17 years life cycle emerged on the East Coast of the USA after underground development as juveniles since 1996. Researchers and scientists worked to map and study the rare wave, and the locals prepared for the noisy event. First recorded in 1666, the Magicicada septendecim species recently emerged in 1979, 1996, this year, with a next wave due in 2030.

This week, Wikinews interviewed Chris Simon, an ecology and evolutionary biologist at University of Connecticut, about the cicadas.

((Wikinews)) What caused your initial interest in periodical cicadas?

Chris Simon: As an undergraduate student, I was interested in the formation of species so when I went to graduate school I looked for a study organism that was likely to be in the process of forming new species. I chose periodical cicadas because they are broken up into reproductively isolated broods (or year classes). Reproductive isolation leads to speciation so I planned to study biochemical differences among the broods.

((WN)) You study the emergence of the periodical cicadas. What do you study? What observations are you making?

CS: We record exactly where each cicada population emerges (using GPS automated mapping and crowd sourcing). We record the presence or absence of each of the three morphologically distinct species groups of periodical cicadas (Decim group, Cassini group, and Decula group). We collect specimens for DNA analysis. We look for cicadas coming up one and four years early and late. We dig up cicada nymphs and monitor their growth rates.

((WN)) What equipment do you use?

CS: Nets, shovels, automated GPS recorders, cameras, laptop computers, automated DNA sequencers.

((WN)) Do you study the periodical cicadas with anyone else? What is their role?

CS: Yes, there are a large number of people studying periodical cicadas in my lab and in other labs. My lab is made up of Research Scientists, Postdoctoral Researchers, a technician, graduate students, and undergraduates. Research Scientist John Cooley is the leader of the GPS mapping project; he invented the automated GPS recorder; he built our crowd-sourcing website, and he is instrumental in public outreach. Postdoctoral research David Marshall also participates in the mapping project and leads the part of the research related to the mapping of stragglers. John and Dave and Technician Kathy Hill all study periodical cicada mating behavior and conduct mating and hybridization experiments. One of my graduate students Beth Wade has participated in the nymph collections and will soon start genetic work involving genome wide association mapping designed to locate genes related to life cycle. My graduate student Russ Meister is studying the genes of the bacterial endosymbionts of cicadas. My current undergraduate honors student Erin Dwyer is also studying the development of Magicicada nymphs and is helping to design a lab exercise for college students around the eastern US to do the same. Many of my past undergraduate students have studied the biochemical genetics and development of periodical cicadas. See the Simon Lab website.
CS: We are collaborating with Teiji Sota at the University Kyoto and Jin Yoshimura at Shizuoka University in Japan. They are studying the phylogeography of Magicicada. We are collaborating with John McCutcheon of the University of Montana who is studying the endosymbiont genomes.
CS: We are also collaborating with ecologists Rick Karban and Louie Yang, both professors at UC Davis who have an interest in cicada population dynamics and nutrient cycling in the ecosystem.

((WN)) You studied the periodical cicadas in 1979 and 1996 too. What changes with time?

CS: I have studied periodical cicadas since I was a student back in 1974. What changes with time is increased human development constantly shrinking the patch size of cicada populations.

((WN)) What are your thoughts on the long life span of the periodical cicadas? Why could it be so? What advantages and what disadvantages does it have?

CS: Most or all cicadas have long life cycles compared to your typical annual insect. Examples have been found of two-year to 9-year cycles in different species. Periodical cicadas evolved an even-longer life cycle and I think that part of this relates to the evolution of their synchronized life cycles and peculiar safety-in-numbers strategy for survival. To become synchronized, periodical cicadas had to evolve an exact length life cycle and all adults would have to appear in the same year. Because the nymphs grow at different rates underground, a longer life cycle and a way of counting years must have evolved so that the individuals that get to the last nymphal (underground juvenile) stage first would wait long enough for all other individuals in the population to become ready to emerge.

((WN)) News reports mention this is ‘Brood II’ of the periodical cicadas. What are the distinctive features of this specific species and what is its full scientific name?

CS: The same species exist in multiple broods. No species is restricted to Brood II. The three species present in Brood II are: Magicicada septendecim, M. cassini, and M. septendecula. These same three species are found in every 17-year brood (except the farthest north which only has M. septendecim).

((WN)) At what depth do the cicadas juveniles live underground?

CS: Most live within the top foot of soil but some have been found deeper. We do not know if they go deeper in winter. We need to do much more digging to understand the nymphs.

((WN)) How do people prepare for the cicada emergence?

CS: Of course various people prepare in different ways. Ideally, everyone prepares by studying information available on the web (especially on our websites Magicicada Central and Magicicada.org).

((WN)) Do cicadas affect transport in the local area?

CS: No, not really. Occasionally individuals can be seeing flying across highways and sometimes they smash into cars.

((WN)) Do cicadas usually stay outside or do they also invade houses too?

CS: They stay outside. One might accidentally fly in through an open window but that would be rare.

((WN)) What do the cicadas eat?

CS: Cicadas suck xylem fluid (the watery fluid coming up from the roots of plants) in deciduous forest trees and herbs. Essential amino acids in the cicada diet are supplied by their bacterial endosymbionts. There are two species of endosymbionts. One makes 8 essential amino acids and one makes two essential amino acids.

((WN)) Do cicadas damage crops or city vegetation? What damage?

CS: Cicadas do not chew leave so they do not damage crops like other insects. They can inflict some damage by their egg laying. Cicadas lay eggs in pencil-sized tree branches. If there are not enough branches available, too many female cicadas may lay eggs in a single branch weakening it and making it susceptible to breakage by wind. This can sometimes cause damage in fruit orchards. If the branches break, the eggs die so this behavior is selected against by natural selection.

((WN)) Thank you.

CS: You’re welcome. I am happy to have this opportunity to communicate with your readers!
Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_biologist_Chris_Simon_about_periodical_cicadas&oldid=2283939”
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California Real Estate Investing Tips For Success

By Simon Volkov

California real estate investing is a niche that requires investors to understand changes within the market. The Golden State has been severely impacted by skyrocketing foreclosure rates since 2008. Although thousands of properties have been repossessed by lenders there is currently a low volume of properties for sale.

California real estate investing is unique in that lenders are retaining properties instead of placing them on the market. This makes it difficult for investors to locate discount-priced properties. However, with a little ingenuity and perseverance investors can locate nuggets of gold hidden in unexpected places.

Many counties in California have witnessed property values decline by over 30-percent. While this makes buying west coast property more affordable, investors should consider taking the leap now as prices are anticipated to begin rising.

Inland areas are starting to experience an upward sales projection. During the fourth quarter of 2010 home sales increased by nearly 10-percent in San Diego, San Bernardino, and LA. Investors should consider developing investment strategies now to capitalize on reduced prices, as property values are expected to increase throughout 2011.

[youtube]http://www.youtube.com/watch?v=v6ObdN6mhoc[/youtube]

Generating positive cash flow with California investment properties requires a thorough understanding of real estate laws. This is especially true for investors who offer homes for rent. California is renowned for its stringent landlord tenant laws.

A credible source for investors to obtain education is the California Department of Real Estate website. Investors should obtain legal counsel prior to entering into residential or commercial property leasing agreements.

According to the U.S. Census Bureau, nearly a half million people move to California each year. This provides many opportunities for investors to generate profit from investment properties. Those who take time to understand the needs of their target market can buy properties suited for specific needs.

For example, families with school-aged children prefer houses located in areas with excellent schools. Business professionals often seek out rental homes with easy access to interstate systems or airports. Entrepreneurs seek out business offices and retail stores in highly trafficked areas.

Investors that spend time reviewing market trends and comparable sales reports can more easily determine areas with anticipated growth or an abundance of low-cost properties. It is also beneficial for investors to network with realty professionals to better understand the type of properties home buyers and tenants want.

Many California real estate investors have begun offering lease purchase option agreements or seller carry back mortgages to attract buyers with bad credit. Foreclosed property owners normally cannot qualify for lending for 2 to 3 years and are forced to rent homes. Offering owner-financing grants them the opportunity to restore credit while working toward buying a house.

Owner will carry financing can also be offered to first time home buyers who do not have sufficient down payment to qualify for bank loans. Obtaining financing in California has become a challenging feat due to tightened lending criteria. Investors can offer a viable solution by offering the option to buy using creative financing options.

Investors buying properties in California shouldn’t bank on real estate as the next gold rush. However, those who take time to understand the market and buyers’ needs can generate positive cash flow until the economy turns around.

One of the best strategies for California real estate investing is to develop a solid network of professionals. The Golden State is a hotbed of activity for investment networking clubs and provides opportunities to expand investment opportunities and locate potential business associates.

About the Author: Discover more California real estate investing strategies from author and private investor, Simon Volkov. He shares extensive knowledge and resources to help investors succeed in this competitive market at SimonVolkov.com.

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