Jamie Murray
Jamie Murray
2023-01-28
Quality fast and reliable service with a cracking bunch of lads definitely recommended
Bill Mitchell
Bill Mitchell
2021-09-14
Contracted this company to clear the flat of my deceased mother. Two young guys cleared EVERYTHING out of the rented property, including furniture, carpets, ornaments, white goods and food/household products, politely, efficiently, and respectfully. Excellent service.
Charles winter
Charles winter
2021-05-21
The guys from Northern House Clearance have just cleared a house for me in Scotland. The house was packed not only with a lifetimes worth of memories, but all the clutter that goes with it. Within 2 days it was emptied down to the floorboards. A great job from a good team of lads. Highly recommended.
Graeme hatton
Graeme hatton
2021-02-24
An excellent 5 star service. Firstly the compassion shown due to the circumstances which resulted in having to use their services, not just on the phone but by the team who arrived, on time, to perform the job. Above all a friendly attitude goes a long way in stressful times. Professional from the start to the end of the day and due to the amount of clutter a second day was needed. I could not believe how much was cleared in just one day, it was as if the clutter had it's own clutter to clear. Hope that I never need to use them again, but if I have to clear another property they will be the only people that I call. Highly recommend them. G.Hatton. Cheshire.
Lorna Hamilton
Lorna Hamilton
2021-02-05
Fantastic service. Highly recommend. The team was so helpful.
Richard Foster
Richard Foster
2020-11-26
The guys from Northern house clearing cleared my deceased brothers house which was in a state. They were very discrete and great guys very understanding at such a sad time. Great job guys thank you.
Xiu Yun Chen
Xiu Yun Chen
2020-11-25
This is a good company would highly recommend these guys. Very efficent and helpful.
Laura
Laura
2020-11-05
Highly recommended. From my initial enquiry I found them to be efficient and professional and was given an immediate quote. On the day the guys arrived promptly and were friendly, helpful and thorough. I would not hesitate to use this company again and I would recommend to others. I felt in good hands and I, m very happy with the service I received.
Ruth Lawrence
Ruth Lawrence
2020-08-22
The team arrived bang on time and began work immediately. They continued for five solid days and completed the entire clearance of my late uncles house, which was a case of extreme hoarding over many decades. They even removed carpets, curtains and swept up so the house was ready for sale. They were exeptionally hard working, polite and charged a reasonable price for this incredibly difficult job. Terrific service, absolutely recommended.
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Probate Valuation Of Chattels: Gift Exemptions & Estate Taxes

Gift Exemptions & Estate Taxes

Some gifts are exempt. When calculating the value of an estate, the following are exempt from inclusion as at late 2003:

Wedding gifts of up to £5,000 to each of child of the deceased (including step-children and adopted children) or the person that child is marrying

Wedding gifts up to £2,500 to each grandchild or the person that the grandchild is marrying

Wedding gifts of up to £1,000 to anyone else

Payments for the maintenance of spouse of the deceased, or ex-husband or ex-wife, dependent relatives and, usually, children who are under 18 or in full-time education

Other gifts up to a value of £3,000 in any one tax year, plus any unused balance of £3,000 from the previous tax year (The tax year starts on 6 April in one year and ends on 5 April in the following year.)

Outright gifts in any tax year up to a total of £250 each to any number of people, but only if the total of all gifts made to the recipient in the same tax year does not exceed £250

Gifts can be made from more then one of the above heading and still be excluded from the calculation. For example, to a child in the year they marry, you could give £5,000 as a wedding gift plus £3,000 as another gift and these would be exempt.

How do I value the gift for inheritance tax?

The value of the gift for inheritance tax is the amount of the ‘loss to the estate’. This is worked out by looking at the value of the estate before and after the gift was given away. In the case of a cash gift, the loss is the same value as the gift. But this is not the case with all gifts.

Example, Mr Smith owns a pair of vases. As a pair they are worth £1million, but a single vase is worth only £400,000. Mr Smith gives one of the vases to his son. The gift, for the purposes of inheritance tax, is not simply the £400,000 vase. Before the gift, Mr Smith’s estate included the pair of vases worth £1million. Afterwards he owned one vase worth £400,000. The value of the gift for inheritance tax is £600,000 (£1million less £400,000). This shows the ‘loss to Mr Smith’s estate’.

Is there any relief available on the tax paid on gifts?

Yes. There is a special relief known as ‘taper relief’ that may be available. If the total chargeable value of all the gifts made between three and seven years before death is more than the taxable threshold at death, then taper relief will be due. The relief reduces the amount of tax payable on a gift – it does not reduce the chargeable value of the gift. The reduction made is shown below.

Number of years between the gift and death

Tax charged reduced by

0 – 3 No relief

3 – 4 20%

4 – 5 40%

5 – 6 60%

6 – 7 80%

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Online Antique Appraisals And Valuation

For those NOT requiring a full house contents valuations,
we suggest you use The Antique Appraisal Company.

All valuations are conducted in accordance with HMRC guidelines and fully guaranteed against rejection.

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