The guidance from HMRC confirms that each person can make as many ‘small gifts’ at Christmas as they like. HMRC defines small gifts as those where the value is £250 or less per person.
Probate properties require specific valuation when they are included in an estate as HMRC will want to consider the inheritance tax position.
Whether a property is then sold for more than this probate valuation, repairs are carried out at the expense of the state, or property markets are in flux, our team at Giles Wilson can provide a tailored service to help you manage this important part of your loved one's estate.
Is the property insured whilst unoccupied? Do the beneficiaries want to let out the property, move in themselves or buy one another out? We consider all of this and more to help you as an Executor find the right path forward.
Experts in Dealing with Probate Properties
We can assist you in completing this important duty, offering comprehensive legal counsel as you carry out your loved one’s final wishes.
Featured Insights
A divorce is difficult for a family to navigate through, but it can be especially hard when there is a child that has been diagnosed with a neurodivergent condition.
It is human nature to think “it will never happen to me”, but it is a sad fact of life that an increasing number of us may, at some point, have a loved one that may go into a residential care home or require care and support in their own home. This may be due to illness, old age or perhaps as the result of personal injury or an accident, and it often happens at the most inconvenient of times.
Awards & Recognitions
The expertise of our solicitors is regularly recognised by some of the profession’s most distinguished organisations. As well as being a member of a number of Law Society schemes, we have won awards at the Law Society Excellence Awards, the Halsbury Legal Awards and the Modern Law Awards.
We have also received recognition in the form of the Lexcel mark of quality, a Legal 500 listing and a place on the shortlist of The Lawyer’s Boutique Firm of the Year.
Our accolades
We are here to help
If you have a legal issue you are worrying about, it’s important to remember you are not alone.
Whether you're a new or existing client, we’d be delighted to hear from you. Fill out the form, phone or send us an email and let’s start the conversation today.
- Leading law firm with more than 30 years’ experience
- Trusted authority in client and commercial matters
- Proven track record of providing award-winning service