Latest posts in the whole of Costa Blanca - Page 4790

Hi i was wondering if anyone has any info on neighbour dispute ?

We recentley had a house built inBenijafor we are detached but share a party wall the neighbour has had a pergola erected 2 and a half foot above the party wall which is 7 foot tall this blocks out the sun also when they jet wash it all there debri goes into our pool ! Any suggestions ?

Inherited wealth is making a comeback.

It is one of the great themes of English literature of the 19th and early 20th centuries. Novels such as Jane Austen´s “Sense and Sensibility” or Charles Dicken´s “Great Expectations” revolve around the question of inheritance. Writers preoccupation with inheritance reflected the fact that back then, transfer of wealth from one generation to the next was extremely significant. Now evidence is evolving which suggests that the world is yet again entering another golden age of inheritance.

Two main factors determine inheritance flows from one generation to the next: the amount of wealth in an economy and the rate at which the owners of that wealth die. The plutocrats of the 19th century amassed fortunes on the back of financial investment in mines and factories. The destruction of inheritance was brought about by the obliteration of inflation due to the impact of the First and Second World Wars. Between 1910 and 1950 the value of capital in the economy fell from nearly 700% of national income to 250%. People had less to pass on to their descendants, and so the significance of inheritance decreased.

Lately, however, wealth as a share of output has risen. Baby-boomers, the bumper generation born between the mid-1940s and mid-1960s, possess much of this wealth and are starting to dwindle in numbers. The aftereffect being that inheritances are starting to make a comeback. In the past 20 years, the total value of estates has more than doubled in real terms. These days, for every £100 they earn in wages, they receive £17 in gifts and bequests. Inheritance has not played a big role in the economy since the 1930s but it is clearly starting to make a comeback.

By one estimate, one in twenty British people receive an inheritance worth more than ten years of their net earnings and with people’s assets continuing to increase it is easy to understand why people are beginning to get trapped in the snare of inheritance tax. Although a tax relief was introduced in 2017; the ‘residential nil-rate band’ or ‘family home allowance’ providing an extra relief when passing on the main home to your direct descendants.  A positive to take from this for expatriates is you can claim this allowance on a property outside of the UK, provided it is your main residential home (although local inheritance taxes may still apply). Investment properties are not included, and it is only available for one property that is passed directly to children or grandchildren. Larger estates, on the other hand, do not receive the full tax relief – estates over £2 million have smaller tax relief and those £2.2 million and above receive no tax relief.

Despite the tax allowance, the government’s inheritance tax fund continues to swell. The reason behind this has a lot to do with people’s increasing value of assets – in particular, property. For example, in a press release ‘UK House Price Index for March 2019’ from HM LAN registry, published 22nd May 2019, clearly stated that the average detached house across England typically costs £371,759. That alone has already fallen outside the governments “residential nil-rate band”. Currently, the residential property makes up a third of estates liable for inheritance tax.

Additionally, the standard relief – frozen at £325,000 since 2009 and fixed until 2021 – has clearly not kept pace with inflation unlike property and other assets. The UK government’s Office for Budget Responsibility predicts the inheritance tax haul will surpass £6 billion by 2021 as people’s asset continues to grow and standard relief is frozen.

Inheritance is once again making a mark on the national consciousness and there has been a significant boom. In the UK, the High Court considered around 150 inheritance disputes in 2017, three times more than it examined a decade earlier. If you want to know more about how you can take advantage of all the reliefs available get in touch with a deVere Spain advisor who will ensure you don’t leave your beneficiaries with an unnecessarily large bill or worse a lengthy legal case.

Contact me for further information 

David Hammond

Hi. Due to recent surgery I need a couple of grab rails in my bathroom to help me in and out of the bath. Does anyone know someone who would do it for me? And can they purchase them for me or would I have to bring from the UK as I don’t have a car in Guardamar. Thanks loads. Den

Hi fellow Ex-Pats

FREE drop in Clinic for Expats in the Delfin Bar, Calpe, is being held next Wednesday 25th September between 11am and 3pm.

feel free to drop in and have a chat, I will even buy you a drink if you wish to sit and have a chat.

There is a poster in the Delfin showing the topics that can be discussed, but always willing to help where I can......

hopefully see you then....

David Hammond

Find out more about deVere Spain - a paid advertiser on this website.

Hi guys just wondering if lobos is in the middle of nowhere or has it got many amenities..how close to bars supermarket beach etc...cheers..

Arrived in Torrevieja on Sat. Had a few properties lined up to view. Viewed 3 bungalows today and viewing apartments tomorrow. We have ruled out bungalows as a car would be needed to get around tho one had a good bus service close by. Reality hit today and now we hope to do better looking at apts. There are loads of agents around the city and lots of places are on multiple agents sites and not always at the same price! On a light note, one bungalow we viewed was on market for 41K and was in an atrocious state, god help the estate agents showing it to people! Here’s to tomorrow’s viewings!

I have a 2005 VW Golf MK5 1.6 fsi  that according to the on-board computer requires an engine service. Can anyone recommend a reasonably priced English speaking garage that has experience of working on VW's  and could do this service and re-set the service light?

I know that there is a VW dealership in Torrevieja, but they want to rip my eyeballs out for a service.

Hi everyone,

My name is Lajos from Hungary and i am looking for waiter job (restaurant /bar) for the next season ( from April,May till Oct,Nov of 2020). Right now i am working in Malorca Cala d'or till end of October after going to work to London.

Flamenco dancing-  Does anyone know of an authentic tableau In Valencia, or the area South of there . We will be in Calpe but will travel to Benidorm if necessary.

Thanks

Hi everyone, I received a message from TVhoradada saying the problems have been fixed and to reboot my system. I have done this and still no TV. Anyone else still having problems?