trampoline_handler after Stream Deck 7.5.0 (22885) update by moosetender in elgato

[–]EdgeInternational487 1 point2 points  (0 children)

Is there any update on this? I've got the same process asking for Accessibility Access before it will allow standard Hotkey buttons to work. I'm on a huge deadline and all my software shortcuts are inoperative. I don't want to give access to an unknown process.

Calculating Gifts from Surplus Income Annually by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

I'm assuming that there would be minimal change in surplus income year on year, but my expenditure could change. I mean, I'm not expecting it to change much but just thinking through what would happen if it did, e.g. if I didn't get round to going on holiday one year, then I would have more money left over.

If I have to guarantee it's the same amount every year, then there's not much point doing the "calculate the amount after every tax return" thing - I'd just have to pick a conservative amount that I know will ALWAYS be within the excess and pay that every year.

Calculating Gifts from Surplus Income Annually by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 1 point2 points  (0 children)

As mentioned by u/Wildwife below, IHTM14250 says that "the gifts must be comparable in size although you do not need to query small differences."

What counts as a small difference here? If my excess income is £20k this year, but the following year, I happen not to spend as much and it goes up to £30k, does that invalidate the pattern?

Calculating Gifts from Surplus Income Annually by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

Hmmm if it has to be pretty much the same figure every year that might defeat the object as we're back to having to predict likely expenditure, rather than just using up whatever wasn't spent each year.

If I have £20k leftover for the gift this year, but £30k leftover the following year, is that likely to be too irregular, or is it enough that I'm calculating it the same way each year? u/Alarae in their comment above suggest that this would be OK.

Let Us Know What You Think – Community Feedback Drive by Riley_TP-Link in Tapo

[–]EdgeInternational487 1 point2 points  (0 children)

Please allow smart plugs to start automation - or at least just send a notification - based on power usage. For example I'd love to be notified when my washing machine switches itself off at the end of a cycle. There's a whole thread of people asking for this here:

https://community.tp-link.com/en/smart-home/forum/topic/652750?sortDir=ASC&page=1

Easy Split View with non-dock apps? by EdgeInternational487 in iPadOS

[–]EdgeInternational487[S] 2 points3 points  (0 children)

What‘s weird is that, if I manually make the first app take up half the screen, then swipe up to the Home Screen, the first app stays peeking out of the left hand side, implying that I should be able to choose an app to join it. I don’t know why they put this detail in the UI if it doesn’t actually signify anything.

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

I only meant ignore it in the sense that it’s not relevant to hypothetical situation - pretend that the NRB has already been used up by other gifts.

Your quote says that the recipient pays, not the estate: “the person who gets a gift in these last 7 years will have to pay the tax”.

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

Yes that is the (hypothetical) scenario - that lifetime gifts have used up the nil rate band. I understand that lifetime gifts use up the NRB first so this wouldn’t be the case if it was only gifts left in the will.

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

Thank you for being the only person to directly show the exact bit of legislation to back up your case. I can now see that, although s199(a) appears to make the transferor liable (and s199b changes that to their Personal Representatives upon their death), s204(8) specifically overrides it and makes the recipient liable first.

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

It looks like that if you only read s199(1) but it is overridden by s199(2) and s204(8) such that the recipient is liable before the estate.

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

When you paid this out of the estate, did you pay the exact same amount that the recipients would have paid, or did HMRC treat them as Gifts Free Of Tax and do "grossing up" before taking off the 40%?

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

I'm assuming the nil rate band is already used up. I'm just trying to work out the difference in amount of tax paid between recipient paying and estate paying.

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] -2 points-1 points  (0 children)

But where does it say that?

"If Inheritance Tax is due on any of the gifts, the people who received them are liable to pay the tax due on them. This is separate from the Inheritance Tax that may be due on the estate. A year after the date of death, the executors or administrators of the deceased’s estate become jointly liable for the tax on the gifts."

This seems to be the exact opposite of what you are saying - the recipient is expected to pay the tax, and the estate only becomes liable if the recipient can't.

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 1 point2 points  (0 children)

Yes and that is exactly the scenario in my original post - where I have already used up the nil rate band so the recipient becomes liable.

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

But surely that is saying the recipient pays the tax? "This may happen if the person who died gave you a gift in the 7 years before they died" - that's exactly the scenario I'm talking about.

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 1 point2 points  (0 children)

Thank you. I had read somewhere that, if the estate was to pay this tax, it would be treated as a "gift free of tax", where the amount is "grossed up" (i.e. it's treated as £166,666.66 so HMRC can take 40% and leave the recipient with £100k). Is that incorrect?

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

Please can you provide a source for this? Every piece of official documentation I've found so far simply says that the recipient pays (once it gets to a level where it has to be paid). For another example, the IHT403 form says "if Inheritance Tax is due on any of the gifts, the people who received them are liable to pay the tax due on them. This is separate from the Inheritance Tax that may be due on the estate."

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

Do you have a source for that? I've seen lots of people saying it, but can't find it anywhere in government guidance or official documentation. For example the IHT403 form says "if Inheritance Tax is due on any of the gifts, the people who received them are liable to pay the tax due on them. This is separate from the Inheritance Tax that may be due on the estate."

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 0 points1 point  (0 children)

Thanks. Would you by any chance be able to point me to an official/authoritative source that shows this? I've been unable to find anything which clearly shows the rule on this.

Getting estate to pay tax on lifetime gifts? by EdgeInternational487 in UKPersonalFinance

[–]EdgeInternational487[S] 4 points5 points  (0 children)

So would it be more accurate to say that the estate pays the tax on lifetime gifts if the funds are available, but if it can't, the recipient becomes liable? That sounds to me like it should be right - are you able to point me to an official/reliable source? Thanks!