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Nagel

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Everything posted by Nagel

  1. In the news today - http://www.telegraph.co.uk/news/2016/08/18/britains-longest-underground-road-tunnel-could-feature-palm-tree/ Not sure why they call it an 'underground' tunnel.
  2. Yes I found it online - http://www.amazon.co.uk/Choripdong-Pepper-Powder-Kimchi-coarse/dp/B00M4KJ28K I've been making Kimchi for over a year, more than a dozen batches and have perfected the recipe.
  3. They're not worth much. Here's the list of recent sold prices on eBay - http://www.ebay.co.uk/sch/i.html?_from=R40&_sacat=0&_nkw=kitchener%202%20pound%20coin&LH_Complete=1&LH_Sold=1&rt=nc&_trksid=p2045573.m1684
  4. Check the 'best before' date on the carton which is also often stamped on the egg itself. It's 28 days after the egg was laid. I don't like the texture of eggs that are too fresh and eggs for some recipes they need to be a week or so old.
  5. 'Best price' is a commonly accepted term for items that aren't sold at a fixed price. It's in everyday use in the antiques trade and you'd be stupid not to ask for the best price when buying something in an antique shop.
  6. It's explained in today's Daily Telegraph. The Duke of Devonshire also uses trusts to avoid death duties, so Chatsworth doesn't legally belong to him, but belongs to a 'charitable trust'. "Clever use of trust structures enable the Grosvenor family - whose head is the Duke of Westminster - to pass assets down the generations without attracting inheritance tax, accountants say. The Grosvenors' property fortune is estimated at £9bn. Yet the death of Gerald Cavendish Grosvenor, the sixth Duke of Westminster, and the inheritance of his title by his son Hugh, is not expected to trigger vast death duties. This is because successive generations are "trustees" rather than direct owners of the assets, which include swathes of London's most prestigious streets and squares. "The trustees are legal owners but not 'beneficial owners'," explained Hugi Clarke of estate planning firm Foresight. "As legal owners the trustees can do anything an ordinary owner can do, in terms of selling and trading the assets within the trust. "But they do not have 'beneficial access' or absolute rights as individuals to the assets," Mr Clark said. In essence that means they can't claim the assets for themselves or sell them and keep the proceeds. The assets are therefore not inside their individual estates for inheritance tax purposes. According to the Grosvenor Estate's own description of its structure, the six trustees (of whom the late Duke was chairman) "hold the assets of the group for the benefit of current and future members of the Grosvenor family". Income and other benefits can be paid out to beneficiaries, who may or may not include the trustees, and who will be taxed on them as normal. Peter Legg, a chartered tax adviser and founder of IHT Planning Matters, said: "Here it would appear that shares in the businesses are owned by family members as trustees, not as individuals." This puts the assets at arms' length and effectively eludes death duties. Mr Clark said: "The Duke and other family members are likely to be part of a 'beneficiary class'. That means they could receive income from the assets. "But they do not have entitlements to either the income or the assets themselves." Mr Clark speculated that, depending on how the trust was established, all six trustees might need to agree significant transactions. If the Grosvenor family can use this strategy to avoid death duty, can anybody? In theory, yes - though costs could be prohibitive. "You need to have a seriously large estate to make such a structure feasible," said Mr Legg. "The costs of setting up a trust and the ongoing reporting costs can be onerous." More significant though are recent tax changes, which have made these types of trust less attractive to those who want to establish them afresh. For the past decade people who put assets into a "discretionary trust" - the form of trust most likely to be used here - must pay a tax of 20pc of the value of the assets going in. Thereafter they must pay a "periodic charge" every 10 years, which is calculated as a fraction of the value of the trust at that point. This varies according to a formula, but typically falls between 2pc and 6pc. What about the Duke's other assets - surely there will be inheritance tax there? As with all families there are strategies that can be used to cut the bill. And the super-rich can buy the best advice on earth. But death duties on directly owned assets (including properties, artworks and other investments) cannot be entirely avoided. Above the "nil-rate band" - what every individual can leave free of death duties - the value of an estate is taxed at 40%. The nil-rate band is currently £325,000 per person, or £650,000 per couple. (It is being extended in a controversial new change to include a "family home allowance" of £175,000 per person.) These thresholds are of negligible use where estates are measured in tens or hundreds of millions of pounds. The Duke of Westminster is survived by his 57-year-old wife, Natalia. As with all married couples the surviving spouse can inherit assets free of inheritance tax without limit. But if, as reported, the bulk of the Westminster estate goes to the late Duke's only son, Hugh, who is in his 20s, tax will be due on the late Duke's directly owned assets above the threshold. What about giving assets away? Yes, you can give anything to anyone and provided you survive seven years, the gift is free of tax. The problem here is that older generations tend not to want to lose control of their wealth until the next generation is "ready". Discretionary trusts can be used where parents or grandparents want to maintain control over assets while getting them outside their estate for inheritance tax purposes. Beneficiaries and terms can be changed by the trustees. The "settlors" (people giving the assets to the trust) need to survive seven years for those assets to move entirely out of their taxable estate. "The point is that these trusts can ringfence assets from the great modern dangers of divorce or unsuitable marriages or profligacy," said Mr Legg. "Absolute" or "bare" trusts are different in that no tax is payable when the assets go in. But they're not flexible. The beneficiary cannot be altered." http://www.telegraph.co.uk/tax/inheritance/inheritance-tax-and-how-the-dukes-of-westminster-avoid-it-on-the/
  7. How did you quote my post 9 minutes before I wrote it?
  8. Since there are only 16 people living in Canada it's very easy light up 50m from the nearest person.
  9. I had to look up RTC- https://www.google.co.uk/search?q=RTC&oq=RTC&aqs=chrome..69i57j69i61&sourceid=chrome&ie=UTF-8 And ISU- https://www.google.co.uk/search?q=ISU&oq=ISU&aqs=chrome..69i57j69i61&sourceid=chrome&ie=UTF-8
  10. 5 litres for £11.40 with free postage and packing - http://www.ebay.co.uk/itm/5-LITRE-36-2-HYDROCHLORIC-ACID-PURE-5L-/201636257965 That's concentrated HCl, it doesn't come any more concentrated than 36% since that's its maximum concentration in water. Pure HCl is a gas.
  11. There's no jobs on rigs available now due to the low oil price. 65,000 people have lost their jobs in the UK North Sea in the last couple of years and the remaining workers have mostly had a pay cut of 20-30%. The rate of job losses has been compared to one big steelworks closing every week, yet it remains largely unreported because the UK oil industry is a closed world that few people know about. There was a strike last week in protest at the pay cuts and deteriorating conditions, the first strike in 30 years. There's another 48 hour stoppage planned for next week. http://www.bbc.co.uk/news/uk-scotland-scotland-business-36888514
  12. What makes the value of a painting?
  13. Yes, exactly because pasta and pizza is what most people would think of as Italian. Also I've eaten at a lot of restaurants in Italy and never encountered anywhere like Marco's.
  14. His paintings are not bad at all considering it was a hobby. They sell for a reasonable amount (£1.8m is the record) and not just because of his fame. He's certainly better than Pete McKee or Joe Scarborough. Who is Vernon Lorenz? I've never heard of him and there's nothing about him on Google.
  15. It's the best restaurant in Sheffield that I've eaten at, but it's not what you think of as a typical Italian restaurant.
  16. I saw this interview on tonight's Look North. I was left with the impression that the whole deal looked well dodgy.
  17. If people want to give their money to a charity then throwing it into a fountain seems a stupid way to do it.
  18. I had my DNA analysed by http://www.23andme.com and was surprised not to find find any immigrant connection. It was all Northern European.
  19. They sell Spunk at the foreign sweets stall in the Moor Market. It's one of the Danish brands of salty liquorice and bough by Brits because of the funny name.
  20. Why do people throw money into pools and fountains? I've never understood it, but thought it might be for luck or something like that. It's certainly not a rational thing to do so what is the intention behind it?
  21. I will be very surprised if it's not an Islamic terrorist attack. Let's wait for the news to come in and see who is right.
  22. Yes to a ban on new ivory being traded, but we have that already. It's the plan to ban the trade in antique ivory that's just ridiculous. The USA has imposed this and there's horror stories of zealous customs officers prising off the ivory from antique keyboard instruments imported for concerts and removing ivory from other imported antiques. Those elephants are long dead and destroying their ivory seems like mindless vandalism. For instance this - https://www.antiquestradegazette.com/news/2016/uk-dealers-told-to-destroy-ivory-antiques-in-us/
  23. A week is only a useful human concept for dividing time. It doesn't have any basis in reality.
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