Your weekends should be filled with music, food and friends. That's where Anatolia Clemton Park comes in, bring the family along this Saturday night between 6.30pm and 9.30pm and enjoy traditional Turkish food while being serenaded by our favourite Turkish vocalists Halil Cemendar. Reserve your table to avoid disappointment on 02 8731 1876. 🎼
Whisky Pairing Dinner: The Special Releases
Hosting the intimate dinner will be Diageo Reserve Ambassador, Colin Dunn, who will be on hand to guide guests through various blends and exciting expressions of these premium whisky labels.
The event will take place on 30th January from 6:30PM.
Reservations can be made for up to 8 guests, allocated across one of the communal tables in Oblix East. £90 per person, all inclusive.
For reservations, please email firstname.lastname@example.org
@oblixrestaurant @wonder_list #shard#dining#whiskey#whiskeylover#foodie#resturaunt#intimate#special#specialevents#2018#allinclusive @diageo #diageo
If you are getting a divorce, taxes are probably not highest on your list of concerns. Still, you should consider a number of tax-related issues. PROPERTY SETTLEMENTS- Dividing property in connection with a divorce generally has no immediate consequences for either spouse. However, if the spouse who receives property in the divorce settlement later sells it, there may be a gain to report tax purposes. So, potential taxes should be a consideration in deciding which spouse will receive which property. Note that a spouse who receives property in a divorce figures any gain on a subsequent sale of the property using the transferring spouse’s basis (e.g., cost), not the property’s value when it was received. Example. Michelle receives 10 acres of unimproved land in her divorce settlement. Her ex-husband bought the land for $25,000. It’s now worth $100,000. If Michelle sells the land for $100,000, she will have to report a taxable gain of $75,000 (the difference between the $100,000 selling price and the $25,000 cost basis). PERSONAL RESIDENCE- If a divorcing couple sells their home while they are still married, they are entitled to exclude up to $500,000 of gain from their taxable income if otherwise eligible for the exclusion. If the ownership of the home is simply transferred to one spouse as part of the divorce settlement, there is no taxable gain or loss at the time of transferred to one spouse as part of the divorce settlement? There is no taxable gain or loss at the time of transfer. However, should that spouse later sell the house while he or she is unmarried, only a $250,000 exclusion would be available. RETIREMENT BENEFITS- A divorce settlement often determines how retirement plan benefits will be divided. However, an employer may distribute retirement plan benefits to a former spouse only after receiving a court-issued document that meets the requirements for a qualified domestic relations order (QDRO). The benefits are taxable to the former spouse who receives them pursuant to a QDRO.
The paint. The dust. The torn-up room. Home improvement projects may not be high on your list of enjoyable events. But, when you’re ready to sell your house, any money you’ve spent on fixing it up may save you from paying tax on sale. THE HOME-SALE EXCLUSION- You probably know that married couple is entitled to $500,000 of tax-free gain ($250,000 for singles) on a home sale. Taxable gain is the difference between your basis in the home (essentially, your cost) and the selling price. So, for most people, the exclusion eliminates or severely reduces any tax on a home sale. But not for all. And that’s where home improvements could come into play. If you’ve kept good records, you can increase your homes basis by adding in remodeling costs. Generally, any work that adds to your home’s value or extends its life counts toward your basis. WHAT COUNTS? Examples of eligible expenditures include: •Putting in a patio, deck, or swimming pool •Finishing a basement or attic •Landscaping •Adding a room or fireplace •Vinyl or aluminum siding or similar exterior improvements like masonry work •Storm windows and doors •New plumbing or heating system •Air conditioning. Simple repairs, such as painting or fixing broken gutters and windows, don’t get added to your basis. But, if repairs are scheduled as part of a home improvement project, the entire cost of the renovation can be added to your basis. Connect with our team today for all the latest and most current tax rules and regulations.