There's "working on" and "working on". Yes, the ordinary process
will pause and there's no harm in that, but if in the mean time
executors are making decisions they probably aren't entitled to, it
would be good to have someone say "hold on a minute...".
And how much are you prepared to pay the solicitor to contact A and B, >presumably via e-mail, during Christmas week to say "Hold on a
minute...". Depending on your answer, I may be able to provide you
with an e-mail address and mobile number for use in just such
occasions. But as I've just said to another poster elsewhere, "I warn
you that it will not be cheap".
It's just general frustration that nothing seems to be able to be
done (in any administrative process, not just lawyers) between about
20th December and 6th January.
Christmas specifically has been celebrated at this time since around
the middle of the fourth century (except for a period from the
mid-1640s until 1660) but the midwinter period was marked by ceremonies
and merrymaking for thousands of years before this.
In short, it is nothing new and should be expected.
In message <lu5r9dF46b0U26@mid.individual.net>, at 23:22:21 on Tue, 7
Jan 2025, Simon Parker <simonparkerulm@gmail.com> remarked:
 It's just general frustration that nothing seems to be able to be
done (in any administrative process, not just lawyers) between about
20th December and 6th January.
Christmas specifically has been celebrated at this time since around
the middle of the fourth century (except for a period from the
mid-1640s until 1660) but the midwinter period was marked by
ceremonies and merrymaking for thousands of years before this.
In short, it is nothing new and should be expected.
It's the result of the "Winter of Discontent" 1978/9, with bad weather
and a multitude of industrial disputes resulting in many organisations deciding to close for the whole period between Xmas and New Year (which
had only become a Bank Holiday in England in 1974).
Previously, and especially before the New Year Bank Holiday, it was
common that people only took Xmas Eve afternoon, Xmas and Boxing Day off.
This has now crept, to the point that the period from the Friday before
Xmas to the Monday after New Year is commonly a winter shutdown, to
mirror the wakes weeks in summer in industry.
On 24/12/2024 14:37, Norman Wells wrote:
On 24/12/2024 12:42, Saxman wrote:
My neighbour wants to retire to his Indian property with his wife and
leave his UK flat (current residing property)to his only child for
him to live in. Apparently anything above the value of £120,000 will
be taxed at 28%. If he leaves it to his wife, there is no tax to
pay. The UK property is valued at about £215,000. His son was born in
the UK.
Is there a way of avoiding the tax?
Yes, he could give the flat to his son now, and survive seven years more.
I doubt he will survive another seven years, hence his decision to sort
his will out.
On 24/12/2024 19:36, Saxman wrote:
On 24/12/2024 14:37, Norman Wells wrote:
On 24/12/2024 12:42, Saxman wrote:I doubt he will survive another seven years, hence his decision to
My neighbour wants to retire to his Indian property with his wife
and leave his UK flat (current residing property)to his only child
for him to live in. Apparently anything above the value of
£120,000 will be taxed at 28%. If he leaves it to his wife,
there is no tax to pay. The UK property is valued at about
£215,000. His son was born in the UK.
Is there a way of avoiding the tax?
Yes, he could give the flat to his son now, and survive seven years more. >>>
sort his will out.
https://www.gov.uk/inheritance-tax/gifts
The 7 year rule
No tax is due on any gifts you give if you live for 7 years after
giving them - unless the gift is part of a trust. This is known as the
7 year rule.
If you die within 7 years of giving a gift and there’s Inheritance
Tax to pay on it, the amount of tax due after your death depends on
when you gave it.
Gifts given in the 3 years before your death are taxed at 40%.
Gifts given 3 to 7 years before your death are taxed on a sliding scale
known as ‘taper relief’.
Taper relief only applies if the total value of gifts made in the 7
years before you die is over the £325,000 tax-free threshold.
Taper relief
Years between gift and death Rate of tax on the gift
3 to 4 years 32%
4 to 5 years 24%
5 to 6 years 16%
6 to 7 years 8%
7 or more 0%
In message <vlm3ve$2r1cn$1@dont-email.me>, at 15:01:03 on Wed, 8 Jan
2025, Fredxx <fredxx@spam.invalid> remarked:
On 24/12/2024 19:36, Saxman wrote:
On 24/12/2024 14:37, Norman Wells wrote:
On 24/12/2024 12:42, Saxman wrote:I doubt he will survive another seven years, hence his decision to
My neighbour wants to retire to his Indian property with his wife
and leave his UK flat (current residing property)to his only child
for him to live in. Apparently anything above the value of
£120,000 will be taxed at 28%. If he leaves it to his wife,
there is no tax to pay. The UK property is valued at about
£215,000. His son was born in the UK.
Is there a way of avoiding the tax?
Yes, he could give the flat to his son now, and survive seven years more. >>>>
sort his will out.
https://www.gov.uk/inheritance-tax/gifts
The 7 year rule
No tax is due on any gifts you give if you live for 7 years after
giving them - unless the gift is part of a trust. This is known as the
7 year rule.
If you die within 7 years of giving a gift and there’s Inheritance
Tax to pay on it, the amount of tax due after your death depends on
when you gave it.
Gifts given in the 3 years before your death are taxed at 40%.
Gifts given 3 to 7 years before your death are taxed on a sliding scale
known as ‘taper relief’.
Taper relief only applies if the total value of gifts made in the 7
years before you die is over the £325,000 tax-free threshold.
When added to the estate exceeds £325k, surely?
Taper relief
Years between gift and death Rate of tax on the gift
3 to 4 years 32%
4 to 5 years 24%
5 to 6 years 16%
6 to 7 years 8%
7 or more 0%
Roland Perry <roland@perry.uk> wrote:
In message <vlm3ve$2r1cn$1@dont-email.me>, at 15:01:03 on Wed, 8 Jan
2025, Fredxx <fredxx@spam.invalid> remarked:
On 24/12/2024 19:36, Saxman wrote:
On 24/12/2024 14:37, Norman Wells wrote:
On 24/12/2024 12:42, Saxman wrote:I doubt he will survive another seven years, hence his decision to
My neighbour wants to retire to his Indian property with his wife
and leave his UK flat (current residing property)to his only child >>>>>> for him to live in. Apparently anything above the value of
£120,000 will be taxed at 28%. If he leaves it to his wife,
there is no tax to pay. The UK property is valued at about
£215,000. His son was born in the UK.
Is there a way of avoiding the tax?
Yes, he could give the flat to his son now, and survive seven years more. >>>>>
sort his will out.
https://www.gov.uk/inheritance-tax/gifts
The 7 year rule
No tax is due on any gifts you give if you live for 7 years after
giving them - unless the gift is part of a trust. This is known as the
7 year rule.
If you die within 7 years of giving a gift and there’s Inheritance
Tax to pay on it, the amount of tax due after your death depends on
when you gave it.
Gifts given in the 3 years before your death are taxed at 40%.
Gifts given 3 to 7 years before your death are taxed on a sliding scale
known as ‘taper relief’.
Taper relief only applies if the total value of gifts made in the 7
years before you die is over the £325,000 tax-free threshold.
When added to the estate exceeds £325k, surely?
The page cited above uses the words exactly as quoted and includes an >example.
Simon Parker <simonparkerulm@gmail.com> remarked:
 It's just general frustration that nothing seems to be able to be
done (in any administrative process, not just lawyers) between about
20th December and 6th January.
Christmas specifically has been celebrated at this time since around
the middle of the fourth century (except for a period from the
mid-1640s until 1660) but the midwinter period was marked by
ceremonies and merrymaking for thousands of years before this.
In short, it is nothing new and should be expected.
It's the result of the "Winter of Discontent" 1978/9, with bad weather
and a multitude of industrial disputes resulting in many organisations deciding to close for the whole period between Xmas and New Year (which
had only become a Bank Holiday in England in 1974).
Previously, and especially before the New Year Bank Holiday, it was
common that people only took Xmas Eve afternoon, Xmas and Boxing Day off.
This has now crept, to the point that the period from the Friday before
Xmas to the Monday after New Year is commonly a winter shutdown, to
mirror the wakes weeks in summer in industry.
On 08/01/2025 08:18 am, Roland Perry wrote:
Simon Parker <simonparkerulm@gmail.com> remarked:
It's just general frustration that nothing seems to be able to be >>>>done (in any administrative process, not just lawyers) between
about 20th December and 6th January.
Christmas specifically has been celebrated at this time since around
the middle of the fourth century (except for a period from the
mid-1640s until 1660) but the midwinter period was marked by
ceremonies and merrymaking for thousands of years before this.
In short, it is nothing new and should be expected.
It's the result of the "Winter of Discontent" 1978/9, with bad
weather and a multitude of industrial disputes resulting in many >>organisations deciding to close for the whole period between Xmas and
New Year (which had only become a Bank Holiday in England in 1974).
Previously, and especially before the New Year Bank Holiday, it was >>common that people only took Xmas Eve afternoon, Xmas and Boxing Day
off.
That was England.
In Scotland, there was a very obvious extra day.
This has now crept, to the point that the period from the Friday
before Xmas to the Monday after New Year is commonly a winter
shutdown, to mirror the wakes weeks in summer in industry.
In message <lu8malFjbugU1@mid.individual.net>, at 01:16:06 on Thu, 9 Jan 2025,
JNugent <JNugent73@mail.com> remarked:
On 08/01/2025 08:18 am, Roland Perry wrote:
Simon Parker <simonparkerulm@gmail.com> remarked:
 It's just general frustration that nothing seems to be able to be done >>>>> (in any administrative process, not just lawyers) between about 20th >>>>> December and 6th January.
Christmas specifically has been celebrated at this time since around the >>>> middle of the fourth century (except for a period from the mid-1640s until >>>> 1660) but the midwinter period was marked by ceremonies and merrymaking for
thousands of years before this.
In short, it is nothing new and should be expected.
 It's the result of the "Winter of Discontent" 1978/9, with bad weather and
a multitude of industrial disputes resulting in many organisations deciding
to close for the whole period between Xmas and New Year (which had only >>> become a Bank Holiday in England in 1974).
 Previously, and especially before the New Year Bank Holiday, it was common
that people only took Xmas Eve afternoon, Xmas and Boxing Day off.
That was England.
In Scotland, there was a very obvious extra day.
But they didn't take Boxing Day as seriously as England.
In other words, you don't get £325k relief on gifts, plus another £325k
on the rest of the estate. Which was the point I was trying to make.
On 09/01/2025 07:40, Roland Perry wrote:
In other words, you don't get £325k relief on gifts, plus another
£325k on the rest of the estate. Which was the point I was trying to
make.
Essentially, unless you survive 7 years, gifts of under £325k have no
effect on IHT.
On 08/01/2025 08:18, Roland Perry wrote:
In message <lu5r9dF46b0U26@mid.individual.net>, at 23:22:21 on Tue, 7
Jan 2025, Simon Parker <simonparkerulm@gmail.com> remarked:
It's the result of the "Winter of Discontent" 1978/9, with badIt's just general frustration that nothing seems to be able to be >>>>done (in any administrative process, not just lawyers) between
about 20th December and 6th January.
Christmas specifically has been celebrated at this time since around
the middle of the fourth century (except for a period from the
mid-1640s until 1660) but the midwinter period was marked by
ceremonies and merrymaking for thousands of years before this.
In short, it is nothing new and should be expected.
weather and a multitude of industrial disputes resulting in many >>organisations deciding to close for the whole period between Xmas and
New Year (which had only become a Bank Holiday in England in 1974).
Previously, and especially before the New Year Bank Holiday, it was >>common that people only took Xmas Eve afternoon, Xmas and Boxing Day
off.
This has now crept, to the point that the period from the Friday
before Xmas to the Monday after New Year is commonly a winter
shutdown, to mirror the wakes weeks in summer in industry.
Depends on the company, and whether they regard their employees as >"professionals".
I joined a company in 1969, and had the whole of the Christmas period
until the New Year off and fully paid - and a Christmas party in the
Café Royal, Regent Street to boot.
In 2008, in a different company, I was just paid for four hours worth
of pay for Christmas and Boxing day, and only if I worked the rest of
the Christmas/New Year period. And no party.
In message <vloaq7$3absj$4@dont-email.me>, at 11:09:59 on Thu, 9 Jan
2025, GB <NOTsomeone@microsoft.invalid> remarked:
On 09/01/2025 07:40, Roland Perry wrote:
In other words, you don't get £325k relief on gifts, plus another
£325k on the rest of the estate. Which was the point I was trying to
make.
Essentially, unless you survive 7 years, gifts of under £325k have no
effect on IHT.
For the avoidance of doubt, do you mean "do not reduce IHT liability on
the sums gifted".
On 09/01/2025 11:56, Roland Perry wrote:
In message <vloaq7$3absj$4@dont-email.me>, at 11:09:59 on Thu, 9 Jan
2025, GB <NOTsomeone@microsoft.invalid> remarked:
On 09/01/2025 07:40, Roland Perry wrote:
In other words, you don't get £325k relief on gifts, plus another
£325k on the rest of the estate. Which was the point I was trying to
make.
Essentially, unless you survive 7 years, gifts of under £325k have no
effect on IHT.
For the avoidance of doubt, do you mean "do not reduce IHT liability on
the sums gifted".
No, but maybe I didn't explain clearly.
Suppose I give £200k, having made no substantial gifts before, and then
die 5 years later.
That £200k is free of IHT, as it falls within my nil rate band ("NRB").
But, it leaves only £125k of my NRB remaining when I die. Supposing my
estate at death is £1m, my estate will pay £350k in IHT.
If I hadn't made the £200k gift, my estate will be £1.2m (ignoring
interest), but my full NRB will remain. My estate will pay £350k in IHT.
As I said: Essentially, unless you survive 7 years, gifts of under £325k
have no effect on IHT.
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