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

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Probate Valuation Of Chattels: Settlement and Settled Property

A settlement is made when property is held in trust for successive beneficiaries, and the property which a ‘settlor’ puts into trust is called the trust fund or ‘settled property’.

Settlor

For inheritance tax purposes, a settlor is the person who makes a settlement or directly or indirectly provides the assets for a settlement

Settled property

For inheritance tax, settled property includes property held in trust for successive beneficiaries, for any individual, but subject to a contingency (such as attaining a specified age) or under which the income is payable at someone’s discretion or has to be accumulated.

Property that is held under arrangements governed by the laws of another country, which have the same effect, is also settled property.

Not all property held in trust is settled property. For instance, property that is held by trustees who must distribute it to specified people is not settled property.

Some property not held in trust is settled property. For instance, property that is subject to a lease for life if the lease was not granted for full consideration in money or money’s worth may be regarded as settled property.

Tax on Settled Property

The taxation of settled property depends on the rights of the beneficiaries at the time in question. For example, if an individual is beneficially entitled to an ‘interest in possession’ in the trust assets, tax is charged when the interest comes to an end on or within seven years before the individual’s death as if they had transferred the assets as absolute owner. There are some exceptions.

If no individual has an interest in possession, tax is charged by treating the trust itself as a separate entity. Trusts that don’t have an individual who is entitled to an interest in possession are called ‘discretionary trusts’.

Since these rules depend on the rights of the beneficiaries at the time in question, there is no final classification of either the trust, or the property in it.

Both sets of rules may apply to the same property at different times or to different parts of the trust at the same time.

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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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