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QYou consistently show AIB click credit card rate as 13.6% - but it is charging me 8.5%. I feel others should know this - or is the high rate for new business? AThe 13.6% rate is correct as a comparable APR. A few months ago, an EU directive came into force requiring banks to include the stamp duty on cards in their calculation of interest rates.
I wrote about it at the time, pointing out that I thought it was a bit stupid. But that's the way it is. The rate being charged by AIB on your card didn't change but the actual declaration of the rate for comparison purposes with other cards did.
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Getting the best value in credit cards has become more complicated. The EU has demanded that the Government stamp duty of EUR 30 a year be included in the calculation for the annual percentage interest rate quoted. So the best buy Bank of Ireland Clear card is now shown as charging 13.3pc rather than the 10.9pc quoted a week ago. AIB adds to the confusion by quoting an 'annual interest rate' of 9.11pc for its Click card although the APR is given as 13.6pc.
CREDIT CARD RATES
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... 1995/755 ( NI 2)) (general duty of authority to provide personal social services) ... 444 ABAA makes provision for its calculation in relation to non-profit fund transferred assets...28 Recovery of overpaid stamp duty land tax and petroleum revenue tax etc. (1) S...
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Andrew Grant of Andrew Grant "An allocation of pounds 250 million to assist first-time buyers is a much needed initiative because the housing market cannot function properly with their absence, which has been the case since lenders put a stranglehold on lending criteria.
Removal of the fuel duty indicator will support the rural property sector, while reduction of corporation tax should stimulate employment, which goes hand in glove with housing market activity.
...The change made to the calculation of stamp duty on investment portfolio increases is...
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...2,485 by telegraphic transfer to pay the 1% stamp duty on the purchase price of £248,100 which was ... have been taken into account in the calculation of stamp duty. He suggested that, if the transact...
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ANDS up all those who like VAT? HNobody likes paying taxes but of all of the taxes, the one that probably causes more day to day grief to businessmen is Value Added Tax.
All businesses, and that includes those in the property industry, have to get ready for the standard rate of VAT increasing to 20% on January 4, 2011.
...When stamp duty land tax is payable by the tenant on the grannt of a lease, the calculation of the amount of the tax involves the total rent (...
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...(b) for income tax purposes, 6 April 2010. Stamp duty land tax. 6 Relief for first-time buyers. (1)...(3) In paragraph 2 (calculation of relevant income)—. (a) in the last sentence o...
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For those who lease, or are looking to buy or sell commercial property, this month's VAT hike to 20 per cent could have an impact on your stamp duty land tax (SDLT) liabilities.
Now is a good time to reach for a calculator and check the tax implications for any commercial property transaction, where you are obliged to pay VAT. Failure to work out your liabilities correctly may mean falling foul of any penalty charges.A s is often the case with tax matters, things aren't straightforward; though the VAT rate increased on January 4, if you took a non-residential lease from July 27, 2010, and you pay VAT in addition to the rent, you may be under an obligation to submit a revised SDLT return to HM Revenue & Customs (HMRC). The amount of SDLT payable on nonresidential leases is dependent on w...
... before July 27, 2010, no further calculation is required (unless there is a rent review before ...
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HAVE found out that there is outline planning permission for two houses on the plot of land directly across from the house I want to buy.
It was approved in February 2000 and so is almost expired, but I am nervous that the applicant may try to extend permission or submit a full application with specification of the properties to be developed. It seems that the person who made the application no longer lives in the property. Is a planning application tied to the applicant, or is this irrelevant?
...It also confuses the purchaser's stamp duty calculation as the Inland Revenue would seek ...
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Christine Janaway from property consultants Bruton Knowles in Gloucester, examines how the increase in VAT to 20 per cent affects commercial property transactions across the region.
FOR those who lease or are looking to buy or sell commercial property this month's VAT hike to 20 per cent could have an impact on your stamp duty land tax (SDLT) liabilities. Now is a good time to reach for a calculator and check the tax implications for any commercial property transaction, where you are obliged to pay VAT. Failure to work out your liabilities correctly may mean falling foul of any penalty charges.
... on the rent is included in the calculation. For leases granted from July 27 2010, HMRC requir...