Property means different things to different people in the popular vernacular. However under English probate law, the term refers to the things we possess. That ownership follows us to the grave, so to speak. This brings us around to property and the matter of … [Read more...]
Responsibility for Property in a Deceased Estate
Responsibility for Property in a Deceased Estate Responsibility for property in a deceased estate falls within the remit of the executor. Although this responsibility must be confirmed by a grant of probate or letters of administration for it to be legal. The … [Read more...]
Trespass to Chattels Down the Ages
Trespass to Chattels Down the Ages In times gone by the civil de bonis asportatis law distinguished between trespass to a person, trespass to chattels, and trespass to land. This physical contact could be negligent or willful, and might involve barring the owner’s … [Read more...]
Capital Gains Tax on Chattels Sold
Capital Gains Tax on Chattels Sold We recommend checking the capital gains tax on chattels, and any commissions applying, before you agree to sell personal possessions. Avery Associates can provide you with a valuation certificate, whereafter what you do next is over … [Read more...]
Changing Property Probate Value After Tax
Today we share thoughts of what happens, if we decide to adjust the value of a property after settling capital gains and inheritance tax. This amended value may increase, or decrease the initial assessment, requiring us to contact the HMRC tax office and explain the … [Read more...]
Who Owns the Chattels in Your Estate?
The answer to who owns the chattels when you die, may not be as simple as you expect at first sight. That’s because you may own something more valuable than you believe, that your children could end up squabbling over. If you leave a will behind to resolve this, then … [Read more...]
Assessing Chattels For Their Probate Value
Valuing rare and collectible pieces is an art form in itself, and a matter of fine judgement too. That is because there is no absolute value we can tick off in a catalogue. If fact, there are actually several values the owner might prefer. This makes assessing chattels … [Read more...]
Property and The Matter of Probate
Property means different things to different people in the popular vernacular. However under English probate law, the term refers to the things we possess. That ownership follows us to the grave, so to speak. This brings us around to property and the matter of … [Read more...]
Residential Chattels and Fixtures in Homes
We quite often find ourselves having to distinguish between residential chattels and fixtures in our line of business. We may be valuing personal possessions for insurance purposes, or inheritance tax. On other occasions, we may be clearing a hoarded home in a house or … [Read more...]
Chattels of a Deceased and Chargeable Gain
The chattels of a deceased person may attract capital gains tax in the United Kingdom under certain circumstances. The current tax rate at the time of publishing is 24%. This can add up to a sizeable sum. It may be well worthwhile whittling away within the law for the … [Read more...]
