Deficit and Estate: Difference between pages

Revision as of 11:40, 10 September 2023

1. Assets - liabilities - tax - inheritance tax.

All of the money and property owned by a person, net of their debts.

Especially on their death, and for the purposes of calculating related tax liabilities.

2. Law - land and buildings.

The nature, or length, of ownership rights - or other legal interests - in land and buildings.

For example, freehold or leasehold.

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-. ''Pensions accounting.''
+.  ''Assets - liabilities - tax - inheritance tax''.
-The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding.
+All of the money and property owned by a person, net of their debts.
+Especially on their death, and for the purposes of calculating related tax liabilities.
-'''For example;'''
-if the liabilities were 100
+.  ''Law - land and buildings.''
-and the assets were 90,
+The nature, or length, of ownership rights - or other legal interests - in land and buildings.
-the deficit would be 100 - 90 = 10.
+For example, freehold or leasehold.
-(Not to be confused with the percentage ''funding level'' which in this example would be 90 / 100 = 90%.)
+==See also==
+*[[Assets]]
+*[[Beneficiary]]
+*[[Freehold]]
+*[[Inheritance tax]]
+*[[Law]]
+*[[Leasehold]]
+*[[Liabilities]]
+*[[Money]]
+*[[Property]]
+*[[Real estate]]
+*[[Tax]]
+*[[Will]
-. More generally, any financial shortfall.
+[[Category:Accounting,_tax_and_regulation]]
+[[Category:Corporate_finance]]
+[[Category:Identify_and_assess_risks]]
-== See also ==
+[[Category:Investment]]
-* [[Amortisation]]
+[[Category:Long_term_funding]]
-* [[Fiscal deficit]]
+[[Category:Manage_risks]]
-* [[FRS 17]]
+[[Category:Risk_frameworks]]
-* [[Funding level]]
+[[Category:Risk_reporting]]
-* [[Multicurrency cross-border pooling]]
+[[Category:The_business_context]]
-* [[Multicurrency one-country pooling]]
-* [[Surplus]]