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: Inheritance Tax Exemptions Part 2

Potentially Exempt Transfers

Potentially Exempt Transfers (or PETs) are gifts which are exempt from Inheritance Tax, the caveat is that the transfers had to have occurred 7 year or more prior to your death. Since there is no way to accurately predict when you are going to die, its called a Potentially Exempt Transfer.

In the course of your lifetime, you are able to gift as much as you wish without having to pay IHT, as long as you survive for 7 years. If your estate then falls below the £325,000 threshold (2012/13), then there won’t be any tax liability whatsoever. If the individual dies within the 7 year period of making the gift, then any amount above the threshold will be the amount applicable to IHT.

There is a taper relief on the amounts below the 7 year period:

If the period between the gift and death is over 7 years, you don’t pay any IHT
If the period is 6 to 7 years, you pay 20% of IHT
If the period is 5 to 6 years, you pay 40% of IHT
If the period is 4 to 5 years, you pay 60% of IHT
If the period is 3 to 4 years, you pay 80% of IHT
If the period is less than 3 years, you pay 100% of IHT

Transferable Nil-rate Band

The nil-rate band is transferable if unused upon the first death. For example, if a person dies and the surviving spouse inherits the entire estate but doesn’t use the nil-rate allowance of £325,000 (e.g. no gifts to children or relatives), and then remarries to a different person who subsequently also dies (in the tax year 2012/13), then upon the second death the total allowance would be £650,000.

Spouse or Civil Partner exemptions

Any UK-domiciled spouse or civil partner is not liable for Inheritance Tax on any lifetime gifts or estate upon their spouses/partner’s death. This applies even to amounts above the threshold limit.

Small gift exemptions

Any gifts up to the value of £250, to any number of individuals are IHT exempt

Wedding gifts

Gifts for someone who is getting married or registered as civil partners are IHT exempt according to the following criteria:

Children: up to £5,000
Grandchildren: up to £2,500
Other: up to £1,000

Transfers out of income

If you are willing to give away part of your annual income, you can do so IHT free. The only thing that you have to prove is that the gift does not affect your standard of living. For example, if you earn £50,000 a year, but you are able to live on £35,000 then you could essentially give away £15,000 a year IHT free.

Businesses, Agricultural and Woodland Holdings

Certain assets can have reliefs of up to 100% depending on their eligibility, to find out the qualifications consult your business accountant or the HMRC.

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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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