Personal Finance News
Second Homeowners Will Have To Pay Taxes Under Government’s New Policy

Individuals owing secondary houses often evade the taxes due to the discrepancies in the tax system. However, the government will introduce new regulations to charge the homeowners. Individuals adopt fallacious methods to avoid contributing to the local services in their locality.

Pexels.com
Mortgage.co.uk reports that second homeowners in the UK don’t pay council tax and enjoy minor business rates relief by tagging the properties in the holiday category. The reports say that majority of the individuals don’t lend their homes; instead, they leave them idle and keep the tax earnings.
Homeowners Evade Taxes On Empty Properties
The government has decided to eliminate the faults in the system and launch new schemes to draw the taxes from second homes across the country. The government will check whether the second homes are lent for a holiday. The empty homes will be taxable under the new regulations. The second homeowner will have to prove that the houses are rented for holidays; the law will come into effect from 2023. The individuals who lent their second homes for more than 140 days will be eligible for the tax break.
Several Individuals Make Unfair Use Of Tax Reliefs
The government authorities have said they support small businesses but need to check the malpractices. Mortgage.co.uk quoted the Secretary of state for leveling up, Michael Gove; he said, “However, we will not stand by and allow people in privileged positions to abuse the system by unfairly claiming tax relief and leaving local people counting the cost. We are taking action will create a fairer system, ensuring that second homeowners are contributing their share to the local services.”
Mortgage.co.uk also quoted Kurt Jansen, director of the Tourism Alliance, who said, “The move will protect genuine small holiday letting businesses across the country and will support local economies by encouraging tourism and by ensuring second homeowners pay a fair contribution towards public services.
Around 65,000-holiday lets in England are liable for business rates of which around 97% have ratable values of up to £12,000. Currently, there is no requirement for evidence to be produced that a property has been commercially let out.” The move by the government will encourage low-income businesses and eliminate the loopholes in the system.

Cryptocurrency News
Petar Nadoveza Cause of Death: Here Is What You Need To Know

The death of Petar Nadoveza, a legendary football player, coach, sports director, and head of the Hajduk football school, at 81, was a tragic development for the Croatian football community. Let’s look at Petar Nadoveza’s Cause of Death in more detail and how the Croatian football player died.
How did he die?
Peter Nadoveza, a member of the Yugoslavian national team and the league’s two-time top scorer, died suddenly on March 19, 2023, at 81, following a protracted illness.
He was from Split and went by the name Pele. He was born in Ibenik and moved to Hajduk in 1963. He spent ten years with Poljud and was twice the tournament’s top scorer, winning two national cups (1967, 1971) and the Yugoslavian championship (1971).
Cause of death
We regret having to inform you about Peter Nadoveza’s passing. Peter Nadoveza was regarded by many as being amiable. Given the current news, many people must be curious to know Peter Nadoveza’s cause of death. Hajduk HNK reported the end of Peter Nadoveza due to a severe illness. The precise cause of death for Peter Nadoveza is still unknown. As soon as new information becomes available, we’ll update this article. The cause of Petar Nadoveza’s death has left the neighbourhood inconsolable.
More About Peter Nadoveza
A manager and professional football player from Croatia, Petar Nadoveza. He was known as “Pete, the Pelé from Split” while playing at Hajduk under the nickname Pere, Splitski Pele.
Nadoveza started his junior and senior seasons at HNK Sibenik. With the Sibenik youth academy, he was under the supervision of Stojan Mileta, who was responsible for many outstanding footballers from that region. Slavko Lutica once served as the team’s manager, and while in charge, Si benik dominated the Yugoslav Second League. In 1963, Nadoveza relocated to Hajduk Split, where he planned to spend the next ten years of his professional life. A true “killer” on the field, he was. He went towards the finish line with unbelievable speed and a strong instinct.
Although Nadoveza wasn’t an extremely disciplined player and frequently had disagreements with his managers, especially Branko Zebec, he has demonstrated his commitment to the team and the game on the field. The club employees and supporters adored him.
Banking News
Glasgow Man Found Dead After Going Missing For 1 Week

Stephen Riddick, a man from Glasgow, Scotland has been recovered dead on January 20th, 2023. As per the reports, he was missing for almost a year. A missing FIR was registered by Riddick’s family when they failed to trace him.
The city police conducted an investigation following the missing report and located the missing person, who was unfortunately dead.

Credits- Facebook
Stephen Riddick’s body was located near West Nile Street, Glasgow, Scotland. His wife, Kathryn Fawkes has shared her grief for the unfortunate death of Riddick on social media.
He was a family man who loved his family the most. The devastating news of Riddick’s passing away has brought ultimate sadness to his family.
How did the Glasgow man Stephen Riddick die?
Stephen Riddick was missing for almost a week. His missing report suggested that the personality was last located in the Dumfries area. The police actively investigated the case and found a dead body in West Nile Street, Glasgow on 20th January 2023 at around 12.30 P.M. Officials suspected the body to be Riddick’s and hence, called his family members for identification purposes.

Credits- Premium Times Nigeria
The body has been identified to be Stephen Riddick. Police have doubted the cause of death can be potential suicide. However, no verdict has been given so far as the investigation continues to shed more light on the unwanted condition.
Police are looking for more evidence to call the mishap a circumstance of suicide. Nevertheless, no trace of foul play was discovered.
Read more- Former Massachusetts Senator Thomas Birmingham Breathes His Last At 73
How did Glasgow man Stephen Riddick’s family react to his death?
Stephen Riddick’s family is in ultimate shock as their lovable member passed away suddenly. His wife, Kathryn Fawkes with who he spent 17 years of marital life has shared her emotions with the public through social media. She mentioned in her post that Riddick has committed suicide.

Credits- Facebook
Fawkes further states that she will never stop loving Riddick and expects he is in a better place. However, the incident of her husband’s suicide shocked her very much. She is out of words to explain her feelings. Fawkes further promises that she will take care of Riddick’s kids, Ellie and Ollie forever.
Banking News
Tom Mboya Opiyo: Another Disheartened Employee Who got Suddenly Laid off by Amazon

Tom Mboya Opiyo, a brilliant tech professional from Kenya meets the difficult days of his career after getting abruptly laid off by one of the global giant companies, Amazon. The IT employee was ready to relocate to Europe for his new job position in a reputed firm. However, things took a negative turn and Opiyo, along with his family gets shattered.

Credits- Business Standard
Following the news of getting laid off abruptly, Opiyo shares his thoughts through his LinkedIn handle. In the post, he expresses how devastated he and his family are at the moment. The mass layoff trend of established global companies is giving nightmares to thousands of employees. The challenges have enhanced for the employees who were boarding a new city and country.
What happened to Tom Mboya Opiyo?
Tom Mboya Opiyo is a Kenya-based IT professional. He was given an opportunity to work in the e-commerce MNC, Amazon and relocate to Europe. Following the offer, Opiyo resigned from his existing position and started to process the passport and visa struggles. As per his revelation, after six months after his departure, his family was also about to shift to his location.

Credit- Pulse Time
To get the fund for the immigration formalities, Tom Mboya Opiyo and his family sold their cars and residence. He stated that visa confidentiality took a lot of time and effort as he had to visit the immigration office and other concerned places regularly. Nevertheless, all the hard work went in vain as before four days boarding to Europe, the tech professional was informed that he has been laid off.
The news brought havoc to the family as all their future plans have been shattered. It is notable to mention that Opiyo is an award-winning tech expert whose opportunity to work in a popular MNC was taken away. As a reason, Amazon has stated that the layoff is a result of some business changes.
Layoff culture of MNCs impacting thousands –
Several MNCs have been suddenly terminating a large number of their employees in recent times including Amazon, Twitter, Microsoft, Meta, and others. This has impacted many workers and created challenges for them to seek other opportunities immediately. On January 18th, Amazon alone laid off 18000 of their global employees.

Credit- LinkedIn
Tom Mboya Opiyo has suggested everybody not to put every egg in one basket and enhance the risk of breaking every egg at a time. As he sold his cars and home, the chances of recovering everything is lower. Furthermore, he has advised everybody not to leave their existing positions until they receive their visa while relocating too another country for job.
-
Personal Finance News2 years ago
Child Tax Credit 2021 Update: December Payment Deadline For $3,600 Check As Surprise Cash
-
Stimulus Checks1 year ago
Stimulus Plus-Up Payments Worth $1,400 Are Available Till 2021 – Check If You Are Eligible
-
Covid-192 years ago
US COVID-19 Deaths In 2021 Surpass Last Year’s Numbers
-
California News1 year ago
Stimulus Check: The Plus-Up From The IRS Will Be The Final One For 2021
-
Child Tax Credit1 year ago
2021 Taxes: IRS Reverts Tax Filing Deadline Back In April Despite Raging Pandemic
-
Personal Finance News1 year ago
2021 Child Tax Credit Payments Impact The Tax Returns Next Year – Check How
-
Social Security1 year ago
2022 Tax Season: No Tax Break For Millions Who Received Tax Relief in 2021
-
Us News1 year ago
Americans Will Receive Emergency Food Benefits This Week: Details Inside