How do the offline video stores deal with this pressure

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How do the offline video stores deal with this pressure

Provided that the child is not older than 25 years.

Tax: Can garage costs for company cars be claimed? Decision by Finanzgricht: Demolition of the parental home can lead to inheritance tax Deducting costs: Home office flat rate – who benefits and who goes empty-handed Tax return 2020: No more “ElsterFormular” – what alternatives are there? Tax return for 2020: “ElsterFormular” will be discontinued

Which parent receives child benefit when the parents are separated or divorced is often a source of dispute. “Legally it depends on the so-called household membership,” explains Isabel Klocke from the taxpayers’ association. Legal proceedings are currently pending at the Federal Fiscal Court (Ref .: III R 59/18).

In the event of a dispute, the father demanded that the child benefit for his student son be paid. So far, the mother received child benefit, as the son lived with the mother until he finished school. The father argued that the son had since moved out of the mother’s apartment because of his studies and that his membership of the mother’s household had therefore been dissolved. Since he paid more alimony for the son, he was now entitled to child benefit, the father argued.

The Hesse Finance Court, however, came to the conclusion that the student was still in his mother’s household. He stayed with his mother every other weekend and during the semester break. Therefore, the conditions for the child to continue to be taken into the household are met and the mother is still entitled to child benefit (Ref .: 5 K 1835/14).

However, the judgment is not yet final, as the case is now before the Federal Fiscal Court. The court will have to clarify which criteria are used to determine household affiliation for children who live away, said Klocke.

Parents living apart should keep an eye on the outcome of the proceedings. Regardless of which parent receives the child benefit, parents of children who are of legal age in education or studying should think about applying for child benefit in good time. Because it is only paid out retrospectively for six months.

In some wills, individual assets are distributed. Under German law, however, this is not that easy. What that means for testators and heirs. 

For example, if a testator has uniformly designated all those who are concerned as heirs, it can be assumed that her assets will be assigned according to a quota. Then the values ​​of the individual parts of the inheritance are to be put in relation to the entire estate. This then results in the quotas for the certificate of inheritance. This emerges from a decision of the Stuttgart Higher Regional Court (Az .: 8 W 198/16), on which the Working Group Inheritance Law of the German Lawyers’ Association (DAV) reports.

Inherited properties of different values

In this case, a widowed mother named her three children as her heirs in a private will and granted each of them certain properties, which, however, have different values. One third of the cash was distributed to their children.

Two of the children wanted a certificate of inheritance with quotas that corresponded to the value of the properties. The third child, who was awarded land of significantly lower value, was against it. From his point of view, the plots were only assigned as part of a so-called division arrangement. In terms of value, however, it remained with an inheritance of one third each. From their point of view, every child should get the same amount. But the court saw it differently – and rejected its request.

Two options to favor heirs

Because the mother had assigned her three children specific property values, which she knew from an estimate that they did not correspond to a tripartite division of the estate. The will only provided a three-way division for cash assets.https://123helpme.me/to-kill-a-mockingbird-essay/

Even if an inheritance on specific existing assets is not possible under German inheritance law: There are two variants in which some heirs are nevertheless preferred over the other heirs – the arrangement of prior legacies with simultaneous appointment of the heirs in equal parts and the appointment of heirs according to asset groups different odds. All heirs receive the same amount only with a division arrangement.

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It is clear in the will that all three children should be heirs. But the mother has explicitly assigned the land, and so it can be assumed that different inheritance quotas are arranged. In addition, in a previous, notarial will, she had provided for an inheritance of one third each. However, she kept this will with the new one – that indicated that she wanted two of her children to have more than the third.

Sources used: dpa

Berlin (dpa) – Enrollment is often the beginning of a long educational career. Because after school, many young people are drawn to universities. Education insurance is in place so that parents can finance this for their children. But in practice, such a contract rarely pays off, explains Simone Weidner from Stiftung Warentest in an interview with the dpa topic service.

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Question: Why is training insurance not suitable?

Answer: As a rule, it is a capital-forming life or pension insurance, often with a fund investment. The policy combines insurance protection and investment. This is not suitable as a savings contract with a guaranteed interest rate of currently 0.9 percent.

It should also be borne in mind that part of the contributions paid is used for death insurance and part for acquisition costs. This reduces the savings for training. If parents want to provide for their own death, they should better protect their children with term life insurance.

Question: What alternatives are there to finance the training?

Answer: The education of children is not primarily a question of insurance, but of investment. For example, parents or grandparents can sign a savings contract in the child’s name. If the money is invested in the child’s name, parents are no longer allowed to dispose of it on their own initiative. The child has access to the account from their 18th birthday.

If the money is to be invested without any risk and 100 percent belongs to the child, a safe investment with guaranteed interest is ideal for a higher one-off sum, for example 10,000 euros or more. For a fixed-term deposit with a ten-year term, there is around 1.5 percent annually. Bank savings plans are not recommended because of the current low interest rates.

We recommend all those who are not afraid of the risk to save on the world stock market for the education of the children with an ETF savings plan and to create a deposit in the name of the child. Given the long investment horizon of 18 years, for example, the risks of fund savings plans that rely on a global share index are manageable. In the past, equity funds had a long-term average return of 6 to 8 percent per year.

Answer: Do school children even need their own insurance?

Answer: No, usually not. In most cases, insurance cover is provided by the parents, for example in statutory health insurance or liability insurance. However, child disability insurance can make sense. If a child becomes permanently disabled due to illness or accident, it pays either a lifelong monthly pension or a large one-off sum. Parents can usually take out protection from the child’s first year of life, less often from the sixth week of life. The contracts often only run until their 18th birthday. The insurance costs between 150 and 500 euros a year.

Erfurt (dpa) – They still exist, the video stores around the corner. But they have passed their zenith for years, as data from the Association of Video and Media Specialists in Germany (IVD) based in Düsseldorf show.

From January 2021: These health insurances increase the additional contribution New resolution: Costs for courts and lawyers increase Insurance coverage: Liability policy is essential Stiftung Warentest: Basic account is often expensive Christmas in lockdown: Quick gift: Pay attention to deadlines for vouchers

According to the association, around 80 percent of German video libraries there are members. According to this, their number fell to less than a third between 2014 and 2018 alone: ​​440 of 1544 companies remained.

Always more online offers

“The number of playback devices is decreasing among the younger generation,” says economist Oliver Budzinski from the Technical University of Ilmenau. In the age of streaming providers such as Netflix and Amazon Prime Video, analog video libraries are struggling to survive without the ability to play DVDs or Blu-rays. Maxdome has long been advertising with the title: “Germany’s largest online video library”.

How do the offline video stores deal with this pressure? Michael Heiter lives in Neudietendorf, a Thuringian town between Erfurt and Gotha. He and his brother have been running the video rental company Dein Buster since 2012. “We are a classic family company,” says the 38-year-old. They took over the video rental stores from their parents who founded the company in the early 1990s.

At that time, the repair shops for televisions and radios were no longer in demand in the GDR. The first video rental stores emerged from them. The company reached its peak in 2006 with 40 stores across Germany, six of them in Thuringia. “Then came the bad Internet with the illegal sites,” says Heiter. Today there are only three Dein-Buster stores in Thuringia, there is another in Saxony. At least, adds Heiter: “Now I have no more competition.” In 2018 there were only 15 video stores in the whole of Thuringia.

Illegal upload

IVD board member Jürgen Weinrich sees online piracy of films as a problem for which political solutions are needed: Illegal sites must be blocked more efficiently, operators prevented from uploading and increasingly tackled by the police. “Unfortunately, that’s not only why younger people go to video stores less,” says Weinrich. The average age of customers is definitely going up.

In the long term, economist Budzinski sees no future for video stores. The fact that Germany is still a developing country, especially in the area of ​​broadband expansion, helps to delay this process for a few years.

Heiter is particularly satisfied at the weekend: especially low-income people who do not have the money for a cinema ticket or a Sky subscription could find what they are looking for. In order to survive in the future, Michael Heiter and his brother are increasingly positioning themselves. For some time now they have also been giving out inflatables. This should bring additional income, especially in summer.

Berlin (dpa / tmn) – Anyone who submits the application too late has received child benefit no more than six months retrospectively since 2018. It often affects parents whose children of legal age work between school and university.

Tax: Can garage costs for company cars be claimed? Decision by Finanzgricht: Demolition of the parental home can lead to inheritance tax Deducting costs: Home office flat rate – who benefits and who goes empty-handed Tax return 2020: No more “ElsterFormular” – what alternatives are there? Tax return for 2020: “ElsterFormular” will be discontinued

If, in such cases, the tax authorities take into account child benefit not received in the parents’ income tax assessment, parents can appeal against it. Isabel Klocke from the Taxpayers’ Association draws attention to this.

In practice, parents of adult children in particular are often unsure whether they are still entitled to child benefit – for example during an internship or social year, or when the child is waiting for an apprenticeship or to start studying. Some parents also forget to apply for child benefit again if the child first works or takes time off after graduating from high school and only then begins training or studies.

So far it has been like this: Even if parents only received a repayment for a few months, the tax office could credit the entire child benefit in the income tax return as part of the cheaper test. But the legal situation has changed: “In future, the child benefit applied for, which is not paid out due to a late application to the family benefits office, will no longer be included in the child allowances,” says Klocke.

The regulation applies to all tax assessments that are not yet final. In these cases, parents can object to the tax assessment if the tax office has made the old credit. Those affected should then refer to the changed legal situation. The tax office will automatically take the new legal situation into account in future tax assessments.

Berlin (dpa / tmn) – Whether to help with cleaning or gardening: Anyone who hires a mini-jobber in their private household can claim the costs for this in their income tax return.

Tax: Can garage costs for company cars be claimed? Decision by Finanzgricht: Demolition of the parental home can lead to inheritance tax Deducting costs: Home office flat rate – who benefits and who goes empty-handed Tax return 2020: No more “ElsterFormular” – what alternatives are there? Tax return for 2020: “ElsterFormular” will be discontinued

“On spending up to 2550 euros per year for the mini jobber, there is a tax reduction of 20 percent. This allows the tax burden to be reduced by 510 euros per year and household”, calculates Erich Nöll, managing director of the Bundesverband Lohnsteuerhilfevereine (BVL) in Berlin .

In principle, the employer – i.e. the private household – has to pay taxes and duties on the hourly wage.