Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Sumner Newscow report â€” One of the commemorative “Where”s Henry?” rifle which will be auctioned off at the Kansas Wheat Festival will be on display at Wheatland Services, while rifle number two will be at Carroll Glass/Pig Shack BBQ. Â The dates for the display are June 6 through June 10.The Wellington Food Bank Fund Raising Group will be holding an auction and raffle of two Henry Repeating Arms Company Big-Boy rifles in 30-30 Winchester caliber. The raffle will take place Saturday, July 9 during the Kansas Wheat Festival prior to the Saturday night street dance, on the stage in front of the Memorial Auditorium. Â Both of these rifles are custom factory engraved with the inscription “Kansas Wheat Festival, July, 2016, Wellington, Sumner County, Kansas, One of Two and Two of Two”. Â The rifles also have specially assigned serial numbers KWF001 and KWF002. Â In addition Henry Repeating Arms has donated two wall display cases to go with the rifles.Early bird raffle tickets are still on sale at select sponsors, Vince Erwin Glass, Carroll Glass and Pig Shack BBQ, Smoker’s Choice, Bank of Commerce, Impact Bank, Gold Corner, Trigger Guard Shooting Range, Rohrer Custom and Fabrication and Kim Woodrow. Â Ticket prices are $5.00 each, or a book of 5 for $20.00. Â A maximum of 1200 tickets will be sold for this event. Â Early indications are that the demand for these tickets is running high, so if anyone is interested in a chance to win one of these fine rifles I suggest you don’t wait too long.In other news, all 1,000 tickets for sale prior to the Kansas Wheat Festival are still out to the sponsor/vendors, but demand is still running high. Â Estimated ticket sales so far is 700. Â As of today, all of the sponsor/vendors still had tickets for sale, but some of them are running low.Follow us on Twitter.
Members of the Greek diaspora who own property in Greece are set to be slugged with a new Greek property tax. The tax will constitute five per cent of the projected annual income of a rented property, based on a zoned location estimate of the property’s value and its size. The new law came into effect for the 2010 financial year with the official deadline for submitting paperwork having passed on 31 May 2011, though there is still scope to lodge returns in order to avoid penalties. Under law 3842/10 Article 16 foreign residents who own a house or apartment in Greece, either bought or inherited, that was not rented in 2010 will be taxed at a rate of five per cent as if the property had had income for the year. Greek tax accountant Panagiotis Vasilopoulos warned that the final tax obligation for foreign residents could total a significant sum, depending on the size and location of each property. He said property values would be determined by their location within zoned value bands, and the implied rental value of each property estimated on an incremental scale. “The first 80 square metres will be valued at 51 euros per square, the next 40 squares at 85 euros per square, the next 80 metres at 136 per square, the next 100 metres at 255 euros per square, and above 301 square metres at 510 euros per square,” he said. For example, a property of 100 square metres would have an approximate assumed annual income of 3400 euros for 2010, and will therefore be taxed 170 euros per annum. “We’re talking about a very heavy tax burden for foreign residents given that these people are taxed from the first euro,” Mr Vasilopoulos said. Note that while Greeks living in Greece receive tax breaks – a tax-free threshold of 6000 euros for singles and 12000 euros for married couples – foreigners who earn income are taxed at a flat rate of five per cent from the first euro earned. Secondary properties will be taxed at a lower rate. “The first 80 square metres will be valued at 15 euros per square, half of the rate for the primary residence. The next 40 to 120 squares at 25 euros per square, and from 120 to 300 squares at 40 euros per square,” he said. But wait, there’s more. As a result of an individual owning property in Greece, it will be assumed that he or she also visited Greece, regardless of whether they did or not. The tax office therefore would deem their cost of living to be 3000 euros if unmarried or 5000 euros if married and would apply a further 150 or 250 euros of tax respectively. But wait, there’s even more. If the property owner also owns a car, for example a 1200cc Opel Corsa, it will be assumed the car has a value of 3000 euros and will be taxed at a further 150 euros. Vehicles will also be taxed on an incremental scale dependent on engine size. So a married person could be slugged upwards of 570 euros in tax per annum under the new law, depending on how many properties they own, where the properties are, and how many cars they have sitting in the garage. However, there are some methods for minimising the tax paid.If the property was locked up for all of 2010 and not used it can be declared empty and the owner can avoid the initial five per cent property tax. In order to support this claim the owner will need to provide an electricity or water bill that proves there was no usage. In order to avoid paying the car tax the owner must declare that they had surrendered the registration plates for all of 2010. If however, the owner failed to do this, they will be charged the car duty along with the cost of living in Greece tax, whether or not they visited Greece in 2010. If the property was rented for 2010, the owner should declare the amount received and will be taxed normally. But if money received from rents is less than the estimated income as a living for car and home, then they must pay the difference. Indeed anyone that earns any income in Greece must submit an annual income tax return. Failure to do so will result in a fine. Australians who own property in Greece are urged to make contact with their lawyers in order to avoid potential penalties from failure to submit the appropriate documentation. Facebook Twitter: @NeosKosmos Instagram