jonb
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Posts posted by jonb
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Just ordered some of these - for gifts. They will be spent in shops probably. No shop can refuse it as it is legal tender.
Yes they can. For example a lot of shops will refuse £50 notes which are also legal tender. Legal tender means they can't refuse it as settlement of a debt, so for example a petrol station can't refuse it, because you have filled up your tank and you a required to pay for it. However if you take stuff to the till in a shop, you are not obliged to buy it, and the shop is not obliged to sell it, so there is no debt.
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I agree
The war with the banksters may be long and painful but BTC certainly isn't going away, unless they shut the internet.
BTC China has re-opened up bank transfers to fund customers accounts, which is a good sign. But I suppose you never know with the Chinese authorities.
And supposing they do "shut the internet"? It happened in Egypt during the dying days of Mubarak's regime. Your bitcoins will be useless. Your gold coins will be worth a lot, although silver may be better for day-to-day transactions.
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1389085689[/url]' post='1102444526']
Which presumably means the houses are all in their names?
Need an address to spend £3 on a land registry title to see who owns them.
It doesn't make sense in terms of tax to own a rental property in a limited company. I would advise most people to own it personally or in an LLP. If they do their own management, then having a separate management company makes sense though.
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Could be a goer if he finds a plot with PP owned by a grandparent, as they are likely to see 30 years as short term. (Planning for the grandchildren.)
Instead of buying leasehold, what about renting for 30 years and paying it all up front? Does a renter of land have an automatic right to extend the rental period?
On a 30 year lease, yes.
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1368049297[/url]' post='909318964']
I only recently, in early April, got into 3D printing stocks as a part of my portfolio.
There are a number out there, e.g. DDD (very, very interesting action today on news of a secondary offering!), ONVO, SSYS, PRLB etc.
They have done well over the last few months, but are they in a bubble?
Or do these 3D printing stocks have a LOT further up to go? (e.g. like buying MSFT, GOOG etc. near the start of their journeys...)
You would have to pick the right ones. For every Microsoft or Google, there are hundreds of other companies that didn't make it, and remember that Google came along quite a bit later than most of the competitors they replaced.
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Just listening to a Max Keiser ramp on bitcoins.
Apparently all the bitcoins "in existence" have been created.
Hmm...seen some threads on this thing...I was under the impression, you did some work and this created a bitcoin which you used to buy other goods.
No, you have to obtain them initially...for cash.
currently £32 in the Uk for your bitcoin. https://intersango.com/
Keiser claims he is a bitcoin multimillionaire......
Now, this thing is unbacked, it seems to be, in effect simply a digital paper ETF, backed by nothing, EXACTLY as much PM ETFs are backed on nothing at all...just a promise to deliver...no actual PM required.
Cant find things to buy directly, but there are hundreds of sites trading them...
scam, bubble or new wave of currency freedom?
Paper gold is backed by a promise made by some bank or other to deliver the actual metal or cash equivalent. If you have a bitcoin, nobody is promising to deliver anything to you.
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Maybe I should go in with an offer?
Something like 90% off the asking price. Note, "off", emphatically not "of".
I would go for 99.9% off the asking price, ie one month's rent as deposit.
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They certainly got value for money last time around. One of the few results that McRuin can be pleased with.
Last time round, the telcos thought they could set up their own app stores, music stores and so on and get money from selling all that sort of stuff over 3G.
While we did eventually see those sorts of things available for sale on mobile devices, the money goes to companies that don't have a 3G licence, and the telcos just get to provide the bandwidth for transmitting it.
They now realise there isn't so much money to be made out of mobile internet, so that is why they bid a lot less this time round.
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makes you wonder what the "bad banks" needed the cash for?
Oh yeah, to pay depositors....so its not really a bad bank at all...that should be one that is winding down and collecting its assets...interest payments and passing loans onto other banks..
If they did this, we could have it all back?
Correct, it was to repay the depositors. We will get our money back when the loans are repaid. They are mortgages so repayment isn't due yet. The last of them will be repaid in about 20 years from now.
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If you rent from a private landlord, you have always had the "bedroom tax" if you rent too big a house. You look at the LHA rules for how many rooms you are entitled to, and then the LHA rate for that number of rooms in your area, and if your property is more expensive than that, you have to pay the difference.
What has changed is that this now applies to council and housing association properties. If you have too many rooms, you have to pay for the surplus ones.
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€100,000 may be a lot of money for an individual, but it isn't a lot of money for a company with salaries to pay at the end of the month.
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1364125290[/url]' post='909287813']
http://www.bbc.co.uk...uffolk-21916129
No mention of the value of the house.
£250k http://www.telegraph.co.uk/motoring/news/9950976/Audi-TT-takes-off-and-crashes-into-house.html
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"Cyprus banks shut until Thursday" it says at the bottom of the page. I think the only way they will prevent an escalating bank run is to cancel the levy for the "little people", but when they do that they have lost all credibility and authority to go into countries and dictate terms? And yes, I think the inevitable UK property crash just got that little bit closer.
There is no way to prevent a bank run now. The damage has been done.
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well, if you weren't worried before now we are being reassured that we are fine.
http://www.bbc.co.uk...siness-21827739
that alone makes me worried!
this is going to be some week!
is this the house price crash moment we have been waiting for?
No it isn't the house price crash moment we've been waiting for. If people don't think cash is safe, they will convert it into other assets, and one of those might be property.
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So, they have a bank holiday on tuesday aswell?
Cypriat glaziers are going to be busy next week.
Cypriot glaziers are going to want paying in cash, and if there isn't much of it around ...
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Apologies if I've missed this elsewhere. The levy takes effect on Tuesday so people currently in Cyprus and with only a small amount of money in their accounts can withdraw it via ATMs? Restrictions on electronic transfers prevent people abroad (eg Russians) and those with more substantial saving from avoiding this levy. Still, how much could people get out that way?
They can't, because the ATMs aren't working at the moment.
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The Uk is a wealthy nation, yet when the NR thing broke, I think fewer than 2% had the then £35K in bank savings that were at risk, in ANY bank.
Most have little or nothing at all.
I expect many cypriots are just thanking their gods that all they have is an overdraft.
Mind you those BOMADs and Deposit savers just lost out, so House Prices took a further plunge....already 40% in some areas I read somewhere.
At the time of Northern Rock, it was 100% of the first £1000 an 90% of the balance up to £35k.
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IF there is a bank run ????????????
And if there is a bank run in other unstable countries such as Spain, Italy, France, Ireland, Greece, most of the Eastern block and so on ...?
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Why are those on the left suddenly so infuriated? Isnt this the 'one off wealth tax' to clear the deficit they were all salivating over?
We are half way through the month, so people might have about half of last month's salary still in the bank. That is being taxed as well.
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No. People's "bank credit" is the money they have worked and saved for.
If the government now propose to simply help themselves, well if it was me, I'd withdraw the lot on monday.
Except you can't, because they are imposing a special bank holiday.
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I take it if it was to happen here then money held in NS&I accounts wouldn't be protected either or would it?
It is a one-off wealth tax, so no.
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1359643078[/url]' post='909249418']
Maybe it's the way the Times 'simplify' it - but I don't see how this works?
1) The Investor has a massive (50% of £1Mn) Capital Gains Tax Bill (as they have made fractionally under £1Mn buying Gilts for a negligable amount and then selling them for £1Mn)
This will increase the Investors taxable liability by pretty much the same amount as they are requesting Charitable Relief for (Excluding the Capital Gains allowance which for these sorts of sums is negligible)
2) The Charity has made a massive trading loss (Buying Gilts for £1Mn and Selling for £0) - and surely the Trustees are in violation of charity law about being responsible with donations and ensuring that they are used for genuine charitable purposes.
Some gilts are exempt from capital gains.
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A letting agent told me recently that effectively they can - the LAs now pay out very quickly, and LLs in general aren't worried about losing money. Not sure of the details.
landlords can get the rent from housing benefit paid directly to them if the tenant get behind by 8 weeks
I think what these two statements tell us is that the arrears are covered by the deposit, so in that respect, they won't lose too much money.
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Yes it is.
It is a benefit paid to the tenant, and the amount they get paid is calculated as the lower of the actual rent they pay and the maximum amount payable based on where they live and their circumstances.
The job seekers allowance or whatever other cash benefit they get paid is supposed to cover things like electricity bills, but it isn't fraud if they don't send the money to their power supplier. I don't think failure to pay rent is any different.
Btl Mortgages Used For Owner Occupation
in House prices and the economy
Posted
Well you generally need a 25% deposit to get a buy to let mortgage. That would stop most people.