This brief introduction to chattels and capital gains tax is just that. You’ll find a more complete guide to capital gains tax implications by following the link. If you intend acting on what follows, you should speak to your tax adviser first, before reaching any … [Read more...]
Chattels For Probate What You Should Know
The word ‘chattel’ is a legal term for tangible, movable assets we can touch. It derives from the Middle English chattel, which probably came down to us from the Latin word 'capatalis'. Although there is also a counter-theory it derives from the Anglo Saxon derivative … [Read more...]
RICS Probate Valuations & Art of Comparables
A solid property valuation is essential when providing estimates for probate purposes. Any estate worth more than £325,000 in terms the current threshold, attracts 40% inheritance tax above that value. The requirement for accuracy also comes into play when dividing an … [Read more...]
Claiming From a Deceased Estate
A close family relative is not a guarantee of an inheritance from them when they die. Nor is a verbal promise to remember us, no matter how genuine they seemed at the time. That's because claiming from a deceased estate follows one of these two well-defined paths: … [Read more...]
Guidelines for a Death Certificate in the UK
There’s not much anybody can do when it comes to winding up a deceased estate, without a valid death certificate in the UK. On the surface, it’s quite easy to order one after registering on the General Register Office website. They also supply copies of birth, adoption, … [Read more...]
Why Must I Place a Deceased Estate Notice?
Becoming an executor of a deceased estate may at first sight seem quite straightforward. All we need do is get permission from the government, pay estate duty if any, settle the cards and the mortgage, and share what’s left of the estate between the heirs. To expand … [Read more...]
How to Calculate UK Inheritance Tax Correctly
Inheritance tax is a toll the UK government levies on deceased estates within its ambit. An executor, or another responsible person is legally obliged to make a full and honest account. Should they fail to do so, and the government is out of pocket then it could hold … [Read more...]
Applying for Probate and Valuing the Assets of a Deceased Estate
The principles behind obtaining permission to manage the property, money, and possessions of a person who died are simple. But the administration itself may be more complicated depending on the value and nature of the assets, and the order or disorder the person left … [Read more...]
What is the Difference Between Probate Value and Market Value?
Amending Probate Valuation Probate is a legal process that has to be carried out at what can be a very distressing time. It can be tempting to simply “get it done” as quickly as possible. This offer the best chance to close the chapter and carry on with life. But it … [Read more...]
How To Get A Probate Valuation Of Property And Chattels For Inheritance Tax
Probate Property Valuation Made Easy Perhaps you find yourself in the position of having to value a house and its contents for probate? Do you know where to begin? There is a lot to ascertain when it comes to probate valuation of property and house contents … [Read more...]
