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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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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Probate Valuation Of Chattels: Capital Gains Tax Administration Period

If the estate assets rise in value between the date of death and the date they are transferred to beneficiaries or the date they are cashed or, if they produce income, the personal representatives and the estate must account to the Revenue for any chargeable income and capital gains tax.

Capital Gains Tax

Personal representatives are entitled to the deceased’s personal capital gains tax exemption limit in the tax year in which death takes place and in the two tax years which follow death. Assets which have a large capital gain should therefore usually be dealt with by transfer to beneficiaries or sale within three years if death, if possible, although careful consideration of the amount of the gain with which each asset is pregnant, and the spacing of sales over the three tax years can prove advantageous.

When deciding whether to sell assets or transfer them to the beneficiaries and let the beneficiary sell them, the personal representative should take into account the beneficiary’s views and capital gains tax position and the current capital gains tax rates for individuals and for personal representatives, with a view to acting in the way which will prove to be more favourable.

The personal representative’s capital gains tax exemption and that of the beneficiary are independent of each other; careful use of both of them can achieve considerable tax savings if the gains since death are large.

Losses which occur in the year of death can be carried back for capital gains tax purposes and used to reduce gains which occurred in the three years which preceded death.

When personal representatives or beneficiaries sell or dispose of assets inherited from an estate then for capital gains tax purposes when calculating the gain, they are allowed to add to the base cost (that is, the cost at which they are deemed to have acquired the relevant asset), a proportion of the legal and other expenses involved in preparing the Inland Revenue account and obtaining the grant of probate.

Because it is difficult to ascertain exactly how much of the total expense relates to any particular asset a scale (known as ‘The Richards Scale’) is usually accepted. The scale used for deaths which take place after 5th of April 1993 is:

Gross value of the estate for IHT purposes:        Sum Allowed:
(a) Up to £40,000    1.75% of the probate value of the asset
(b) £40,001 – £70,000    £700 divided proportionately between the estate assets according to probate values
(c) £70,001 – £300,000    1% of the probate value of the asset
(d) £300,001 – £400,000    £3,000 divided proportionately between estate assets according to their probate values
(e) £400,001 – £750,000    0.75% of the probate value of the asset

Also bear in mind that if an asset is re-valued for IHT purposes to reflect a fall in value between the date of death and the date it is transferred to the beneficiary or sold, then for capital gains tax purposes the reduced value becomes the base cost value (that is, the value at which the asset is deemed to have been acquired by the personal representatives or the beneficiary) and before deciding to elect for an inheritance tax revaluation, check whether inheritance tax and capital gains tax are at the same rates at the relevant time.

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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.

Start Your Probate Valuation Now - Online Probate Valuations