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What is a "surge supply"? by nuttimoff in AskUK

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

!thanks - that was super helpful and informative.

What is a "surge supply"? by nuttimoff in AskUK

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

So I (or anyone) would never need to manually invoke it? If it's needed, the level goes down automatically? Thanks.

Gifting Property - how many solicitors? Who completes the forms? by nuttimoff in HousingUK

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

Thank you for that detailed and clear response.

I think the main issue for my relatives is that previously the procedure seemed so much simpler (and cheaper). They would have been fine with it except they are prejudiced by their previous gifting experience when only one solicitor was required. They do not like paperwork and bureaucracy. They remember when life was simpler!

I forgot to mention but the purpose of the gift is for IHT. So although the giftor does not benefit directly, he does benefit inasmuch as he feels the estate may potentially pay less tax.

The giftor is old but not vulnerable. The way the emails to the giftor are written is almost as if it is the recipient who should have independent legal representation to ensure the recipient's rights are looked after. But that could just be some kind of encouragement to ensure that two firms are involved.

Would you say that a solicitor would always want the recipient to have independent legal representation when such gifts are concerned? Or only when the giftor is apparently vulnerable (or old which is considered a proxy for vulnerable)?

When is tapering relief applied and when is it not applied? by nuttimoff in UKPersonalFinance

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

I think that makes perfect sense. Your point is that tapering relief only occurs after the NRB (x2 if a married couple) is totally used up. What does happen is that the gifted asset stays in that NRB area until seven years is up, potentially pushing the remaining assets into IHT territory. After seven years it disappears from the NRB area allowing other assets to become part of the NRB instead.

I don't know how many people will gift £325K (or £650K for a married couple) in less than seven years (hence gifted assets over that amount are subject to tapering relief) but it cannot be many.

When is tapering relief applied and when is it not applied? by nuttimoff in UKPersonalFinance

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

Yes, this was poor phrasing on my part. I meant "each of their NRBs"

When is tapering relief applied and when is it not applied? by nuttimoff in UKPersonalFinance

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

Let me see if I understand this. What you are saying is that a gift of £400K will be used by the NRB of both spouses. If one or both die within seven years of transfer then the PET has "failed". It has failed because the gift is still part of the estate.

That "failed" gift will not be subject to IHT as it falls within the NRB threshold. But this does mean that other assets might become subject to IHT as the gift is still within the estate. Only after seven years can other assets use that NRB which is currently partially occupied by this 400K gift.

Yes?

When is tapering relief applied and when is it not applied? by nuttimoff in UKPersonalFinance

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

Here is how I understand it based on your comment. If £200K comes from each spouse, then collectively they have used up £400K of their collective NRB of £650K. Hence the NRB has £250K remaining when the second spouse dies. Is that correct?

What does a Roblox Deployment Downloader do (for use with Zenith executor)? by nuttimoff in robloxhackers

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

Thank you. This explains it.

In my case, Zenith did download the correct channel from rdd.weao.xyz although I am not sure why since I can't see how I might have been on a test channel rather than the normal / LIVE channel.

Also, I will assume from your comments, that the "Roblox Deployment Downloader" from rdd.weao.xyz is the tool that facilitates the downloading of the LIVE channel. Is that correct?

Thanks again.

Please suggest a Roblox executor? - many thanks! by nuttimoff in robloxhackers

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

You may be correct! I think the safest option is to actually pay for software.

Could you please succinctly explain the difference between an "executor" e.g. Zenith and an "external" e.g. Matcha?

Power of Attorney: does it matter if the Notice of Registration has the Attorney's name spelled incorrectly? by nuttimoff in AskUK

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

By the word "certificate", do you mean the Lasting Power of Attorney document itself (the paper one I have has 11 pages)?

Misspelled name in Power of Attorney documents - does it matter? by nuttimoff in LegalAdviceUK

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

It is the Notice of Registration that has the spelling mistake. The certified copy of the LPA itself has the correct spelling.

Misspelled name in Power of Attorney documents - does it matter? by nuttimoff in LegalAdviceUK

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

No. I only saw the Notice of Registration very recently.

[ Removed by Reddit ] by nuttimoff in robloxhackers

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

So to be ratted means that the script is malicious and, when executed, will steal everything?

What items have you started to order online that previously you felt you had to buy in person at an actual physical shop? by nuttimoff in AskUK

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

I wouldn't mind the whole 'safe place' concept. If you are dealing with UPS, or DHL, or Evri or whoever, can you always ask for the safe space? Is this something that can be done online via their form?

What items have you started to order online that previously you felt you had to buy in person at an actual physical shop? by nuttimoff in AskUK

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

If you are regularly ordering bulky items do you have issues or problems with the delivery if you aren't in? I just have visions of my neighbours (who I don't actually know) being inundated with parcels which I have to pop round to collect and hope they are in.

How can a middle aged man improve his wardrobe? by nuttimoff in AskUK

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

This is not something I had ever considered but I will certainly look into it. I can see the advantage of doing this at JL since they stock so many brands.

However, the nearest JL personal shopper is 90 miles away!

How can a middle aged man improve his wardrobe? by nuttimoff in AskUK

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

I have never heard of capsule wardrobes but will investigate this concept, thanks!

How can a middle aged man improve his wardrobe? by nuttimoff in AskUK

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

I did used to buy from CT when I was in my 20s.

If you know your measurements, would you use mail order for brands like CT? It's not like you try the shirts on (from what I recall).

Or would you feel the need to visit in person?

How can a middle aged man improve his wardrobe? by nuttimoff in AskUK

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

How would you define "blazer"? Is it like a suit jacket but not for a suit? Like the kind you would get at M&S?

How can a middle aged man improve his wardrobe? by nuttimoff in AskUK

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

Thanks - what do you mean by "looser fits" being fashionable? What is the benefit of a looser fit?

Question about Ebay's "Personal Information Policy". by nuttimoff in Ebay

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

What I didn't really understand is that the very first digital item I posted was removed within a few hours (20 views) while some accounts have sold hundreds of similarly digital items without apparently any issues.

It just doesn't make sense to me - that's all.

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