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About MissOnAccomplished

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  1. Interesting to see that RM includes a fairly detailed surveyor's report on the house. I am guessing this is a 'Scottish thing' not just a voluntary act by the vendor. I sem to recall seeing something many, many years ago that 'offers' are binding far more quickly in Scotland than E&W so you avoid the weeks/months (years) long SSTC status on sales.
  2. My interpretation of what this paper says is that the excess risk of COVID-19 is pretty constant, irrespective of age. That is young people are less likely to die, in general, and young people are less likely to die as a result of COVID-19 - in the same proportion. Whether this 'constant-across-age-groups' excess risk warrants restrictions on what we do, where we go etc, to reduce the impact of the disease, I leave to further discussion.
  3. Umm - the US is already109k deaths WITH the lockdown in place (as of 5th June. Current figures at: https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html) . The disease is now becoming more prevalent in the areas away from the coasts so 150-200k seems likely. And probably more since the population is not behaving as it has done for the past two months. It is not all clear that an estimate of 1.2m without lockdown was wildly wrong.
  4. Zoopla is good in that includes price history on the page. But I prefer RightMove's presentation of photos and floorplans.
  5. A very sad tale here about someone unable to sell their 'very fairly' priced house. Apparently there are not just SDLT implications but also, Capital Gains tax too. I was disappointed to read some of the 'top comments' on the article. They appear to written by plebs who demonstrate a lack of sympathy for their betters. https://www.telegraph.co.uk/tax/capital-gains/13m-grand-designs-style-dream-build-now-40000-stamp-duty-nightmare/?li_source=LI&li_medium=li-recommendation-widget
  6. Here is a nice one. 33% down and counting. Still overpriced - unless it includes the MG in the shed. https://www.rightmove.co.uk/property-for-sale/property-55328661.html
  7. I suspect you would at least be a taxpayer - if not a 'net taxpayer'. There are far more taxes other than income tax. VAT is approx 18% of government revenues, other indirect taxes another 8%. Income taxes make up just 25%. (2017/18 figures) https://www.ifs.org.uk/publications/9178
  8. I wish you good luck with this. At present, it seems that the initial reviews of properties are being made by those most trustworthy of people - estate agents. From what I can see, every property commented upon is a fantastic bargain! I wonder to what extent you will be able to protect yourself against those who feel properties are way overvalued 'overdoing' their criticism - and thereby leaving you potentially exposed to legal claims by vendors (and their agents).My understanding that previous authors of widgets removed the ability of users to comment on properties for sale because of this fear. I think it should be possible to make polite criticisms of asking prices, without being accused of slander. I hope the extension can survive.
  9. Under US GAAP, companies have more flexibility in choosing an assumed rate of return for the purpose of computing the effect of pension costs in the income statement. In effect they can assume a 'reasonable rate of return' based on the portfolio of assets held. As you note, this rate might be up to 8%. Under IFRS (and hence applies to UK public companies) companies can only use the discount rate that is used to measure the pension obligation as the assumed rate of return on pension assets. However, under both IFRS and US GAAP, the pension obligation in the balance sheet is computed using the interest rate on long term corporate bonds - which again, as you note, is likely of the order of 2% - 3% on both sides of the pond. So in computing the extent to which pension obligations are over/underfunded conditional on the assets held by the pension trustees (which are included at approximate market value), US and UK figures are comparable. (And yes - pension accounting is very odd.)
  10. What is most impressive/encouraging is the sea of red on the first page of the listings
  11. "The star initially took out a mortgage with the bank Coutts, and then went onto transform the Surrey pad with new facilities such as a hi-tech gym, a dreamy walk-in wardrobe, and a terrace overlooking the idyllic gardens." Maybe she overpaid at about 900 in 2009 and then spent another 300+ doing 'improvements'. Such expenditure might have been worth while if she were going to live there a good long time to get the benefit, but anyone else is likely to value them at 0.
  12. If the vendor thinks it will only cost £54,000 to extend the lease, I wonder why they have not so extended it. At the very minimum, I would want to see an estimate, if not an enforceable quote, from the freeholder.
  13. Isn't it annoying when (newspaper) articles do not have a clear 'publication date' . It's only when you read down to discover this was about 2004 onwards!
  14. We do tax turnover. That is exactly what VAT is. Of course, much of Sainsbury's output is zero-rated, and so we do not tax that part. But Ebay charges VAT on its commissions collected from UK customers, FB on its UK advertising revenue etc. Who bears the tax is another question though. If the demand for what the US tech companies are selling does not shift because of the higher price, then the tax is indeed borne by the customer. But if that is the case, why are they not charging their customers more? Therefore, is it not reasonable to conclude that at least in part, VAT is borne by suppliers?
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