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Castles Estate Agents
Sales in London

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5 Turnpike Lane. Harringay. London. N8 0EP
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What you should know about Castles Estate Agents

Cans in London, Solicitors in London, Houses in London, Estate Agent in London

At Castles Estate Agents, Turnpike Lane, Crouch End, Hornsey, we have houses and flats for sale in the Harringay, Wood Green and the Alexandra Park areas. This pot, is often called the ‘net estate'. Probate (or Grant of Probate) is permission from her majesty's courts service for them to do so. When is Inheritance Tax Payable? The answer is not quite as simple as many of us think - let me explain! When someone dies IHT (as we shall now call it) is charged on the value of the deceased persons ‘estate' which is basically whatever is left in the pot - after all the deceased liabilities and debts are settled, (even the funeral costs can be deducted). 1) What is Probate?2) When is Inheritance Tax Payable?3) Does everyone have to pay Inheritance Tax?4) What percentage will the taxman take? What is Probate? When a person dies, somebody has to deal with his or her financial affairs (the estate). The district valuer knows what local properties go for, and they know that no one wants to hand money over to the taxman!Quicker than a computer in a chess tournament, the Taxman has your next move coveredThere are several very common questions I am frequently asked. The valuation figure placed on a property can, and often will, be challenged by the district valuer when a formal probate valuation has not been carried out by a professional. Property and Inheritance Tax Without all that Jargon stuff I have been valuing the properties exclusively in the Harringay, Hornsey, and Wood Green area for 16 years now. Local solicitors recommend me to clients who have suffered the loss of a relative or friend, and find themselves having to get that persons property valued for probate. Our Turnpike Lane branch covers N8, N22, N4, N15 postcodes and we particularly specialise in selling property on the Harringay Ladder and the Noel Park. IHT is only due on ‘net estates' that are valued at over 325.000. Does everyone have to pay Inheritance Tax? The good new.

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