The Peterborough Evening Telegraph
Staff give new look to community hub
BGL staff give up time to paint church building
A team of employees from a Peterborough company have helped give a new look to a community building. The group of 19 from the BGL Group, in Bakewell Road, Orton Southgate, painted the Way In Community House, in Copsewood, Werrington, giving it a fresh feel and making it anattractive place to socialise.
The team used some of their community funds to purchase new blinds, curtains and cushions, bringing the house right into the 21st century.
BGL Group also donated a desk and pedestal along with fivelaptops whichhashelped the centre set up a cyber café aimed at tackling the ‘digital exclusion’ in the area as there is currently limited public internet access.
Michele Hunt, manager of the Way In Community House, which is part of Werrington Parish Church, said: “BGL Group has been amazing in helping us to transform TheWay In Community House. Theupdatehasgivena professional feel to the House but more importantly, it has made a positive impact to the lives of those in the local community who use the house.” . You are right that the government has introduced new measures to increase the level of the nil rate threshold for Inheritance Tax (currently £325,000) by introducing the Residence Nil Rate Band.
This is an exemption increasing the threshold for some estates where a person leaves their residencetoqualifying beneficiaries (usually children or grandchildren).
However, there are complex rules involved with the exemption regarding the residence, the beneficiary and themethodofmakingthegift.
In very simple terms if a father wereto leave his house to his son under the terms of his Willanddiedafter6April2017 then his estate would qualify for anadditional £100,000 Inheritance Tax exemption.
The level of the exemption increases annually to 2020 when it will reach £175,000.
The exemption is transferable between spouses and taking into account the existing transferable nil rate band and the new Residence Nil RateBandthetotalexemption fromInheritance tax could be one million in 2020.