Selling Property in the U.K.? Here Is What You Need to Know About Stamp Duty Tax

Posted on by George Cummins in Money Times | Comments Off on Selling Property in the U.K.? Here Is What You Need to Know About Stamp Duty Tax

House for sale signSelling property requires several conveyancing steps — submitting documents, paying taxes and duties as well as sorting other documents.

The stamp duty land tax is a form of transfer tax on the land transaction, in the form of the property sale documents. Websites such as the Stamp Calculator have an online stamp duty land tax calculator, which can compute the amount due depending on the value of the property sold.

A Place in the Process

Whether there is any amount you need to pay or not, you have to submit a return to the HM Revenue and Customs office within a specified amount of time. If the HMRC does not receive the return within the given time frame, the taxpayer will have to pay a fine.

Once the HMRC accepts the return, they release a certificate to the taxpayer, who then has to register a change in the property ownership.

The stamp duty land tax uses a graduated scale of values. There are no taxes for transactions worth up to £125,000; for transactions worth £125,001 to £250,000, 2%; from £250,001 to £925,000, 5%; from £925,001 to £1,500,000, 10%; and over £1,500,000, 12%.

For second homes, buyers will pay an additional 3% aside from the figures above. The value considerations do not need to be cash; they could also include improvements or some other civil work stated in the document, which could increase the worth of the property in terms of stamp duty.


There are special rates for other types of purchases. These categories include properties bought by corporations, purchases made by individuals involving six or more properties in a single transaction, or multiple purchases and transfers between the same set of buyer and seller — collectively called linked purchases. The stamp duty could have some tax relief for these circumstances.

Senior Care Needs Increase as Senior Population Grows

Posted on by Tsfp6 in Healthy Times | Comments Off on Senior Care Needs Increase as Senior Population Grows

nursing a senior citizenIt is no secret that the general population as a whole is getting older. As the number of senior citizens grows, so does the number of options for senior home care in Rancho Cucamonga. This allows flexibility and better care for the elderly, as well as peace of mind for their loved ones.

The United States experienced a population boom from after World War II up to the early 1960s. The “baby boomers,” as they are called, have been the powerhouse of the country’s growth for the last 50 years. An estimated 76 million babies were born during this period. About half of them are now senior citizens, with the rest coming into the category in the next decade or so.

The Need for Assistance

Currently, 13% of the population is above the age of 65. This will increase to 20% by 2030 and will maintain the same levels up to 2050. This number will put a strain on the economy. About 65% of seniors are cared for by their family and friends. This leaves 35% who will need assistance from care providers, as well as different types of care facilities, like nursing homes, assisted living and residential communities.

The government spends close to $600 billion on programs like Medicare. This is expected to double by 2027.

Technology Answers

For the government and the private sector to be able to handle the volume of seniors needing care assistance, technology will have to catch up and provide answers. These possible solutions, along with community-based systems, will have to evolve to meet the seniors’ varied needs better. One of those is the need for less intervention into their private space by the same health professionals who are supposed to assist them.

The volume of senior citizens will also require a boom in construction of facilities, as well as an increase in health professionals to address their needs. These professionals include caregivers, as well as psychiatrists, and medical specialists.

Tips for Finding the Right Mortgage Lender

Posted on by Tsfp6 in Money Times | Comments Off on Tips for Finding the Right Mortgage Lender

mortgage loan agreementApplying for a loan is not an easy process, especially if this is your first time. Aside from familiarizing yourself with the terms, numbers, and figures that are important in making sure that you sign the right deal, finding a person who can help make all this possible is also a must.

The right professional is known as a mortgage lender. They give you the money to help fund your purchase for a house, car, business, etc. Finding the right one is not easy as you should be able to prove that you are worthy of being trusted, while at the same time find one who can offer you reasonable terms and rates. Mortgage lenders in Sandy are plenty, and here are some tips to help you find the right one.

How to find the right mortgage lender

Your type of lender

There are different kinds of lender available, and it is essential to know which type of lender you need before approaching one. Doing so can help you secure more reasonable rates under more reasonable terms.

Consult with your real estate agent

If you do not have any idea where to start, asking your real estate agent for any recommendations would be a good move. If not, asking for recommendations from friends, family, and even online, can always get you somewhere.

Research online

Nowadays, almost anything can be accessed online. Thus, once you find a lead, make sure to run it through the internet for a background check. This will help you know more about your potential lender and whether or not he is the right man for the job.

Review different rates

Get at least three different quotes from various agencies and compare their terms and policies. This will help you weight things a lot easier, and that will eventually lead you to the right direction.

Educate yourself and see how finding the right mortgage broker can be as easy as a walk in the park.

What to Do When Visiting a Historical Site: A 5-Step Guide

Posted on by Tsfp6 in Digi-travel | Comments Off on What to Do When Visiting a Historical Site: A 5-Step Guide

Travel SavingsAre you planning on going on a trip with your friends or family? Organising a trip is no easy task because you have to make sure everything is right and you leave nothing important at home.

The trend nowadays is visiting historical sites, and here are some tips you need to remember if you are on the way to visiting one.

Document the Visit

Do not forget to document your whole trip; whether you go to Cornwall historical sites or elsewhere. Be it photos, video or both, you need to have remembrances at least of your visit to the historical sites because not everyone can do this activity.

Ask the Tour Guide for Info

The tour guides are always ready to answer questions and help tourists, so do not hesitate to approach one if you are curious about a historical detail or if you simply want to know where the loo is.

Prepare for Extra Expenses

Let us face it: there will always be unexpected expenses during a trip, especially if you have kids. They might want those fun-looking souvenirs, or you might want to eat some local delicacy at the site. On a more serious note, there might be sudden changes in your accommodation or flight plans.

You should prepare extra money to cover these expenses.

Stay Close to Your Friends or Family

If you have minors, do not forget to keep an eye on them. Stay close to your friends or family members, so no one gets lost. You can do a headcount of everyone before leaving to make sure you leave no one behind.

In conclusion, you have to prepare for extra expenses, take photos and videos of the trip, keep track of your travel mates and ask tour guides for help. This way, your trip would be as hassle-free as possible. Trips like this would be unforgettable years from now, much like the historical sites you visited.

Small Businesses: Here Are Three Tips on Winning at Social Media

Posted on by George Cummins in Digi-market | Comments Off on Small Businesses: Here Are Three Tips on Winning at Social Media

Woman using social media on phone and laptopBillions of people around the world are logged into at least one social media platform each day. That is why it is an excellent idea for companies in Melbourne to consider social media management as part of their marketing campaign.

To help you in this endeavour, here are a few steps on how to reach out to your target market using social media.

Create a blog

Creating a blog on your company’s official website is an excellent way for you to feature news or even some vital knowledge that can help your customers.

What is remarkable about blogs is that visitors can share your posts on their social media accounts, therefore even widening your exposure.

Maximise social media

You have to learn at an early stage that creating a following on social media can be a challenge. It may even take eight months to a year to get things going. What makes it even more challenging is creating excellent content for your customers and increase your site’s engagement.

So, it is best to start your venture into social media by creating a plan. You need to create a statement on why your customers should follow your social media accounts.

Be relatable

One way to get more followers is by setting yourself apart from the rest of your competitors. To do that, loosening up and showing a bit of your brand personality can do the trick.

There is also a better chance of them sharing your posts on their social media accounts. Showing that you are relatable will tell your followers that you are not a robot randomly posting content.

Creating a huge social media ad campaign can take months or even a year to get results. That is why it is important to carefully plan and create a strategy on how to make it work. Hiring professionals to work on your social media presence can help you do the task much faster.

Here’s One Reliable and Flexible Asset-Based Financing Option You Should Consider

Posted on by Tsfp6 in Money Times | Comments Off on Here’s One Reliable and Flexible Asset-Based Financing Option You Should Consider

Financing officerAsset-based lending, for decades, has been a popular financing choice to secure capital under restricted cash flow and high-interest rate loan options.

Recently, it has also been a growing tool for many borrowers who are seeking for loan opportunities equipped with financial maintenance covenants and flexible terms and conditions.


With asset-based lending, companies that lack disposable cash can borrow against their existing assets, such as machinery and inventory. The loaned sum is often used to fund operational needs, such as payroll and capital purchases. Such dependability makes asset-based lending a popular financing option.

Asset-based lending is perfect for companies abundant with accounts receivable and inventory. Such companies, either small or large, operate in many industries, including wholesale, retail, rental, transportation, logistics, oil and gas, and durable goods manufacturing.


In the lending world, agreements run deals, and future deals rely heavily on their successful implementation. With asset-based lending, borrowers want the same covenant package across their instruments (i.e., high-yield bonds), the term loans as well as their other asset-based loan credit facilities.

Besides easing the loan process, being able to negotiate with covenants allows borrowers to check with their term loan and debt agreements throughout the life of the loan.

Another source of flexibility with asset-based lending is the creation of an integrated capital structure, which helps borrowers in solving issues that are inherent in the loan process.

The borrowing base under asset-based lending resizes the availability of funds when the business expands or contracts, ensuring greater control to the lender and, hence, avoiding unwanted losses. More so, asset-based loans are self-liquidating. Receipts automatically repay outstanding loans.

Asset-based lending is a reliable and flexible financing option in most industries and companies of all sizes.

Important Things to Consider Before Investing

Posted on by Tsfp6 in Money Times | Comments Off on Important Things to Consider Before Investing

business man with rising coinsIn the light of the current political situation in the UK, an increasing amount of clients is deliberating whether investing or making changes to their investment portfolio is the right to do. Some investors are making quick decisions without taking into consideration their long-standing financial goals and interests and this can create problems.

Most investment companies in London, including Amyma, are not approved or controlled by the FCA and for this reason, they are unable to consult clients on financial matters or opinions in terms of investment portfolios or other investment activities. Potential investors should seek financial advice from FCA-regulated advisors before turning to an investment provider.

Financial Plan and Goals

Clients who wish to invest via investment companies in London, should go through their financial circumstances – this is especially important for clients who have never invested before. The first step to effective investing is creating a financial plan with realistic goals. In general, investment carries many risks and there is no guarantee that investors will make money from their investments. However, planning in advance and investing smartly is important for clients who wish to achieve financial security over the years.

Taking Risks

Prospective investors should always have in mind that investments involve a certain amount of risk. For instance, capital bonds may involve risking a certain amount of money or even the entire amount invested. However, carefully planning an investment plan can mitigate this risk to a certain extent.

On the other hand, risk can be a positive trigger and lead to a larger investment return. This is especially true for clients whose financial goals are long-term and are more likely to earn money by carefully investing in high-risk asset categories, such as bonds.

Mixing It Up

Mixing investments is another thing that potential investors, who are looking into investment companies in London, should take into consideration, since this can protect against significant financial losses. Different types of investments thrive under different market conditions and, commonly, market conditions that cause a certain type of investment to do well often cause another to produce average or bad results. However, investing in more than one asset categories often helps investors reduce the risk of financial loss in the long run.

Buying a Business: What to Ask Before Doing So

Posted on by Tsfp6 in Digi-sell | Comments Off on Buying a Business: What to Ask Before Doing So

Couple buying a businessOwning a business gives anybody a sense of stability and control. After all, being their own boss has always been a lifelong dream of many people. However, not everyone is blessed with the skills to start their own venture. Fortunately, there are still ways to be your own boss — minus the initial processes of business planning. This can be done by buying a business.

Buying a business in Salt Lake City is not as easy as buying your next OOTD. As a huge amount of money is involved, it’s best to evaluate all the factors involved in sealing a deal. Asking these two simple questions can help you make or break a deal.

1. Why are you selling the business?

No one wants to buy a business that has a bad image or basically zero customer patronage. Asking this question upfront can give you an idea of what to expect. People sell their businesses for a variety of reasons like bankruptcy, retirement, change of careers, or simply because they’re tired of being their own boss. As the new potential owner, it’s up to you to evaluate whether their reason for selling will do the business well or not.

2. Are there any skeletons in the closet?

As a potential new business owner, you have the right to know whether the business is currently facing issues. These often include financial and legal issues. While such problems are normal, its severity is something that you should take into consideration. Transparency is the key to help you evaluate whether the business is worth buying or not.

Going to be your own boss soon and getting your own business? Let these two simple questions guide you in finding the right type of business that you need.


Refinancing: Pros, Cons, and What it Can Do for You

Posted on by Tsfp6 in Money Times | Comments Off on Refinancing: Pros, Cons, and What it Can Do for You

a loan applicationRefinancing a home mortgage can be daunting. You can solve financial troubles in many ways, so consider the benefits and disadvantages of each option.

Refinancing vs. Mortgaging

To be clear, refinancing is different from getting a second mortgage. Financing expert Primary Residential Mortgage, Inc. states that a second mortgage simply allows you to make use of the equity you have in your property, thus leaving you with two loans.

Refinancing wipes out the original mortgage and replaces it with a brand-new one. Before agreeing to refinance, check that the terms of the new loan are better than the old one—this is assuming it was your choice to get refinanced.

Getting out of a Bad Thing

Home mortgages are not created equally. A deal you had several years ago may not be the best deal you can get today. Adjustable rate mortgages are a good example of this type of arrangement.

These come with an attractively low-interest rate for the first year or so, but look out: you may be surprised to find that the interest rate has tripled (or more!) afterwards.

Sometimes, when you’re no longer in control of the property – as in a divorce settlement or anything similar – and yet you’re still responsible for the mortgage, the only way to get out of it and change the co-signatory is to refinance it.

Perhaps you would also like to pay your mortgage sooner. You can refinance a thirty-year mortgage to a ten- or fifteen-year one instead. You may also do the opposite should you want to lower your monthly amortizations.


Most lenders only allow refinancing without private mortgage insurance (PMI) if your loan to value ratio is at 80% or less. So if your home is valued at 100,000USD, you can only refinance without PMI if you owe 80,000USD or less on it. PMI will add an extra cost to your amortization making refinancing ill-advised.

If, however, your mortgage is under Freddie Mac or Fannie May, you can use a Home Affordable Refinance Program (HARP) on your home loan.

By consulting a mortgage lender, you stand a good chance of getting the best deal for your situation.