lawyer uk
Budget £10-20 GBP
Job Description:
I'm seeking help to confirm my calculations regarding intestacy, Inheritance Tax (IHT), and asset distribution in a specific case. The deceased person passed away in February 2019 without a will, was married, and had a son. The surviving spouse is a non-UK resident. The estate consists of the following assets at the time of death:
Spanish house: £200,000
English house 1: £395,000
English house 2: £205,000
English house 3: £235,000
Watch: £40,000
Additionally, there are £22,000 in council tax expenses. The IHT has not been paid, and interest has accrued on the unpaid tax. I calculated the following:
Total estate value (at the time of death): £1,035,000 (property values) + £40,000 (watch) = £1,075,000
Taxable estate value: £1,075,000 - £325,000 (nil-rate band) = £750,000
IHT payable: £750,000 * 40% = £300,000
Unpaid IHT: £300,000, with an interest rate of 3% per year for 4 years, resulting in £36,000 of interest. Total IHT payable: £336,000
After-tax estate value: £1,075,000 - £336,000 = £739,000
Estate value after council tax: £739,000 - £22,000 = £717,000
Asset distribution:
Spouse inherits the first £270,000 and half of the remaining estate, for a total of £493,500.
Son inherits the other half of the remaining estate, totalling £223,500. I understand that tax laws and rates may change, and individual circumstances may vary. I also acknowledge that the assets in Spain might be subject to Spanish inheritance laws and taxes, which were not covered in these calculations. Any help or advice would be greatly appreciated. Thank you in advance!
14 freelancere byder i gennemsnit £29 timen for dette job
I have read and understood all your project details "lawyer uk " and I feel my self the best candidate to complete this project with 100 percent accuracy. I have vast amount of experience in this industry since I am Flere
Hi there, I have read your project entitled “ confirm my calculations regarding intestacy, Inheritance Tax (IHT)” I am a Certified Chartered Accountant and a duly certified Member of ACCA (UK) I am an experienced and Flere
I have read and understood the details of this project "lawyer uk ". I am a Highly-Qualified & Skilled ACADEMIC WRITER with more than 10-Years of experience. In last 10 years, I have served more than 2,500 clients a Flere
I am damn sure that I can complete this project "lawyer uk " beyond your expectations and within your given time and budget. I am a Ph.D. degree holder in education management with vast experience in the academic wri Flere
Hi, I have seen your your project details and I am the "BEST CANDIDATE" for this job "lawyer uk ". I am an experienced Engineer & Mathematician with more than 8 years of experience who can provide you with Top Notch Flere
lawyer uk I am Minahil Hameed with a vast amount of experience in multiple fields like; Finance & Economics, Accounting & Cost Accounting, Business & Management, and Taxation & Auditing. I have achieved a great amoun Flere
Hello. I am Attorney Umar. I provide online legal help to pro se litigants. Please see wonderful reviews on me at https://www.freelancer.com/u/lawyerghazalli I am an expert draftsman and legal researcher. I write all l Flere
My name is "Usama Safdar" and I am a Ph.D degree holder which means I am highly-capable to tackle this project "lawyer uk " with 100 percent accuracy. I am a professional writer with over 6 years of experience in wri Flere
lawyer uk My name is Rabia Faisal, I am working in the writing industry since 2011. During this time, I have served countless clients with a full amount of satisfaction by providing them with TOP Quality Solutions. I Flere
I have read and understood all your project details "lawyer uk " and I feel my self the best candidate to complete this project with 100 percent accuracy. I am a Highly-Skilled Mathematician and Engineer who can help Flere
I am an academic expert who can help you with your solutions like; Case Studies, Summaries, Reports, Thesis & Dissertations, and Online Exams and Courses in almost every language. I am new to this website but I assure Flere
Hi, I came across your project and it looks like you are in search of a financial analyst. As an MBA in Business & Finance and a business professional for the last 8+years, I am confident that I am the perfect for the Flere
Based on your calculations: Total estate value: £1,075,000 Taxable estate value: £750,000 IHT payable: £300,000 Unpaid IHT: £300,000 with £36,000 in interest Total IHT payable: £336,000 After-tax estate value: £739,00 Flere
