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Growth in a PEP was free from capital gains tax within the fund and on encashment. [1] Income was free from income tax.When introduced in 1986, the fund was limited to £2,400 (annual allowance), [2] but later increased to two types of PEP: the "general PEP" with an annual allowance of £6,000 and the "single company PEP" with an annual allowance of £3,000.
A specific requirement was the presentation of the applicant's National Insurance number, to ensure only one TESSA (tax free) account investment could be operated by the individual per year. Interest on the TESSA was free from UK income tax. The favourable tax treatment of a TESSA lasted for five years, and it was possible to invest up to £ ...
Constellation Automotive Group is a used vehicle marketplace. It was founded in the United Kingdom in 1946, as Southern Counties Car Auctions, and was a publicly traded company, BCA Marketplace, when acquired and taken private by TDR Capital in November 2019. TDR rebranded it to the current name in October 2020.
This option, but not the obligation, to acquire the car after a period equivalent to a contract hire is therefore packaged as either an option (in law) to purchase the car (a call option) at a 'set' price, or a right to sell the car (a 'put' option) at a set price after ownership is fully achieved from the final ‘balloon’ payment.
Buying a used car from a private seller may be more complicated than purchasing a certified pre-owned used vehicle from a dealership. Although both methods require a bit of research, buying from a ...
The company launched a website, Autotrader.co.uk, in 1996, giving people the ability to buy or sell a car online. [ 6 ] British international investment firm BC Partners bought a stake in the business from John Madejski in July 1998 for £260m; then Guardian Media Group , who had acquired Automart in 1982, merged that business with Hurst ...
By analyzing over 929,000 cars from model years 1981 to 2009 sold from January to September 2024, iSeeCars.com has compiled a list of the cars owners hang onto the longest. Known for consistently ...
Peer-to-peer carsharing is a form of person-to-person lending or collaborative consumption, as part of the sharing economy. [1] The business model is closely aligned with traditional car clubs such as Streetcar or Zipcar (est. in 2000), [2] but replaces a typical fleet with a ‘virtual’ fleet made up of vehicles from participating owners. [3]