Looming end to stamp duty holiday inflates buyer demand

April 10, 2012 – 10:53 pm

Buyers are returning to the UK housing market in numbers not seen since beginning of the financial crisis, according to the latest monthly snapshot from Hometrack.

The property intelligence firm said the number of people registering with estate agents rose by 18.1% last month, the highest figure on record since a 23% increase in demand in February 2007. The rise is also higher than the 15% increase in potential buyers recorded in February 2009.

While interest traditionally goes up in February after a slowdown around Christmas and the New Year, Hometrack said this month’s rise in buyer interest was kept artificially high by first-time buyers looking to beat the stamp duty increase at the end of March.

A stamp duty holiday allowing first-time buyers not to pay the tax on properties in the £125,000 to £250,000 price bracket has been in effect for the past two years. The

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Tags: Buyer, Buyer Demand

Capital One Credit Cards Review

April 9, 2012 – 1:51 pm

Founded in 1988 by Richard Fairbank and Nigel Morris, Capital One is one of the primary reasons why you see credit cards marketed so heavily today.  In the mid 1990s, Capital One made a strong push towards print and television advertising.

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Tags: Cards, Credit Cards

Tax advice of the week: A neat trick to gain property relief

April 5, 2012 – 1:37 am

Business property relief (BPR) stops the tax man getting his hands on your firm after you’ve gone, says Tax Tips & Advice. But there are pitfalls that can restrict the tax break. Where BPR applies to shares you own in a trading company, these will be free of inheritance tax (IHT). Where “you personally own assets used in a company’s trade, for example the business premises, BPR can cut the IHT bill on these by 50%”.

But watch out for assets held in the firm’s name but not used for the trade – eg, cash that’s been sitting in a director’s loan account. This wouldn’t qualify for BPR and could be taxed at 40%.

Can you get around this? Say Bill and Ben own Acom, a firm valued at £1m on Bill’s death, £200,000 of which had been in the bank for some years. The loan account balances should have been converted into Acom shares two years ago to avoid BPR. But Bill and Ben could have made a ‘rights issue’ against their existing shares. As this counts as an exte

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Tags: Property Relief, Relief

How A Secured Credit Card Works

April 4, 2012 – 6:40 am

Credit cards are only issued to people with some payment history. This criteria leaves out two distinct groups; those who have a poor credit history, and those who have none at all. These groups are often faced with a paradox. They cannot receive a credit card until they build or rebuild their credit, yet they cannot improve their score without receiving credit. The solution to this problem is a secured credit card offer.

What Is A Secured Card?

A secured credit card works much like a standard one, except the customer must submit a security deposit. Cardholders must still make a payment each month, and the will still incur interest if their balance is not paid on time and in full.  From there, the terms can vary widely. For example, many cards offer a credit limit that is only equal to the security deposit, while others allow cardholders to charge more than the deposit received. Most cards have an annual fee, but this amount can vary greatly.

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Tags: Card, Credit Card

Ticketing Credit Card Processing Dongle

April 1, 2012 – 11:59 am

An increasing number of companies are joining the credit card processing industry, with small credit card readers that work with smartphones and iPad’s. There are several of these instant and mobile readers on the market, including the Square, PayPal Here, and now, the “At the Door” reader offered from ticketing company, Eventbrite. The At the Door reader is $10 to obtain, but Eventbrite reimburses the $10 the first time you use the card reader to process a credit card. If you need more than one readers, additional At the Door units cost extra. All At the Door card readers can be ordered from Eventbrite.

Processing Fees Waived

To help introduce their new card reader to the market, Eventbrite has waived the fees they normally charge to process credit cards. For now, the 2.5 percent of the ticket price processing fee and the 99 cent fee per card are waived, and users are paying a credit card processing fee of 3% of the transaction.

Eventbrite “At The Door” Dongle for Ticket Sales

The At the Door reader was created to sell tickets and merchandise at events. If you wo

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Tags: Card Processing, Credit Card, Credit Card Processing, Processing