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TaxFree

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  1. For what I know, there is a similar arrangement in Italy. Assets held outside Italy have to be declared if the overall amount is over €10,000. "Declaring" here means just communicating the overall amount of the assets owned. Hefty penalties if not declared (and caught...). In addition, there is a tax on the assets. For financial assets it is 0.1% of the value of the assets, increasing to 0.15% next year. A different tax applies to houses abroad.
  2. This is just a suggestion to the webmaster/moderators... It used to be the case that the search would retrieve all the member´s past posts. Now (maybe since the forum was revamped a couple years ago?) the search only returns the last 5 posts. Or am I doing something wrong? I use the search feature every time I connect to the forum, and I think it is a shame the search only goes back a few posts. Some members have contributed for years with top quality posts and I don´t see a way to now retrieve those posts. Say I want to read RB´s first ever post How can I do it?
  3. Fukushima 1, after the explosion in #3 reactor Credit - DigitalGlobe More satellite images and maps delivered under the International Chapter Space and Major Disasters
  4. Fukushima 1 (image taken at 1:38 GMT today, the explosion was at around 7:30 GMT) Credit - DigitalGlobe Edit: times added
  5. Good to see first post disaster satellite images starting to be released. That should be very usuful for Search and Rescue efforts. DigitalGlobe
  6. This was reported in the Telegraph a couple of weeks back and was picked up in the main forum. It is about private landlords having to reduce rents following the cuts in housing benefits announced in the June emergency budget. Guildford is likely to be "the most affected area outside London". Does anybody know how widespread housing benefits are in Guildford? Telegraph - Private landlords to 'slash rents to keep tenants because of housing benefit cuts'
  7. One factor that probably sets Guildford apart from neighbouring towns is the presence of the university of Surrey. According to the UniS website, in 09/10 there were just over 14k students (9.5k undergrad and 4.5k postgrad) and only 4.9k rooms in halls of residence. I assume most of the surplus students rent/share privately in Guildford, and that must put a lot of pressure at the bottom end of the housing market which filters through to all the layers above. I am surprised to see that there were 12189 students in 07/08, 13065 in 08/09 and 14137 in 09/10. That's about 1000 extra students per year, in a town with a total population of 67k (wikipedia - 2001 census). It must be like manna for local BTLers. UniS also employs 2.6k staff, but I guess many of them live outside Guildford. IMO, what happens to UniS (budget cuts?, number of places reduced?) will greatly affect house prices in Guildford.
  8. Thanks for that. I hadn't looked at Citi. They seem to have a wider range of accounts in foreign currencies than High St banks I had looked at. But I take it those accounts are still in the UK? I may be reading HPC too much, but I'd like to have the option of moving some of my money outside the UK. Citi has International Banking to do that (and again it seems with wider options than other banks, judging by their website). I was wondering whether a UK resident can for instance use HSBC Premier to have an account in Switzerland denominated in Swiss francs.
  9. Is anyone here customer of HSBC Premier, Barclays Premier or similar? Is the service any good? I am looking to park some of my sterling savings in foreign currencies and in foreign accounts. Can a UK-based individual (with no intention of moving abroad) use those Premier services to do that? Any other better way to do it? I know most High St banks and BS have International Banking in foreign currencies, but I have always associated these with offshore tax planning. I am not doing this for tax reasons, just currency diversification and capital protection. I'd appreciate any comments re PB v IB.
  10. A website is going to allow banks to bid for people's savings. Starts on Monday 2nd Feb. Any good or just the latest way of fleecing savers? http://www.ft.com/cms/s/2/f15bd88e-ec98-11...00779fd2ac.html
  11. I have 6-month bonds maturing today. I was willing to rollover this money into new bonds, but bit concerned now: http://www.bloomberg.com/apps/news?pid=206...&refer=home They may need to go cap in hand to the Dutch government. Sounds familiar? Share price down 25% on a generally good day for the markets. Just last week ING bought the UK retail deposit business of Kaupthing. Are Kaupthing savers going to see two banks crumbling under their feet in a matter of days? From ING UK's website: ING Direct is: * Regulated by the Financial Services Authority for the conduct of UK business and as a Dutch bank, is authorised by De Nederlandsche Bank. * A subscriber to the UK Banking Code. Copies of the code are available on request, or from www.bba.org.uk. * We are covered by the Dutch Deposit Guarantee Scheme. * Under the scheme our customers receive €100,000 (£77,700 approximately) of protection per person.
  12. According to analysts at Goldman Sachs, government bond yields may fall despite the increase in supply. http://www.bloomberg.com/apps/news?pid=new...id=aTBqGR8WFqpg
  13. Link: http://www.reuters.com/article/rbssFinanci...427090420080714
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