SEARCH, INDEX, UPDATES, CONTENTS, SERVICES, TAX CALCULATION, INHERITANCE TAX, IHT CALCULATION REQUEST
| To | From |
| Fowles Spurling Cannon, | _________________________________________ |
| 45a High St., | _________________________________________ |
| Broadstairs, | _________________________________________ |
| Kent, | _________________________________________ |
| CT10 1JP | _________________________________________ |
| Phone 01843-863901 | _________________________________________ |
| Fax 01843-860407 | _________________________________________ |
| IHT@fowles.co.uk | _________________________________________ |
| http://www.fowles.co.uk |
Please include a daytime contact / number |
Please contact me to agree a fee for calculating the potential IHT liability on my death. I attach details of my (proposed) Will and set out below all other relevant details.
Value Ownership
Freehold / Leasehold Property - Main Residence
Freehold / Leasehold Property - Other
Deduct Mortgage(s) outstanding on above property
Household and personal goods (use contents insurance cover to estimate value)
Money in Bank and Building Society Accounts
National Savings Accounts
National Savings Income Bonds
National Savings Certifcates
Premium Bonds
Government Stocks
Quoted Stocks and Shares
Unit Trusts
Life Assurance Savings Bonds
Unquoted Shares
Other Assets
Deduct liabilities including unpaid bills, loans, credit card debts.
Life Policies (state amount payable on death)
Pension Policies (state amount payable on death)
Open market value of guaranteed annuity payments
Gifts made within the last 7 years not covered by exemptions
Are you the Life Tenant of a Trust?
I have read the notes associated with this page. I understand that Fowles Spurling Cannon reserve the right not to process this request, and to ask for further information. Fowles Spurling Cannon will contact me within 21 days to agree a fee with me before proceeding.
Signature(s) ....................................................................................... Date .......................
Notes
Attach supporting schedules if appropriate.
Please identify any property which might potentially qualify for Business or Agricultural Property Relief (BPR and APR) - we can discuss the qualifying conditions with you.
Lloyds Underwriters must identify assets used for Lloyds security and any assets charged for a bank guarantee.
This is an estimate and as such we will rely on your estimates of the value of each item in your Estate. We can discuss the basis of valuation with you if required but suggest that your best estimate is adequate for the initial calculation. Please show this under "Value".
Please show under "Ownership" the title to each item in your Estate as follows -
SO if Sole Owner
JT if held under a Joint Tenancy under which the survivor(s) automatically inherit. (Include the full value and state the number of Joint Tenants.)
X%TIC if held as Tenants in Common. Include the full value and indicate the percentage held in place of "X".
If a Life or Pension Policy is written under Trust, please indicate the name of the beneficiary under "Ownership".
The open market value of guaranteed annuity payments can be calculated at www.inlandrevenue.gov.uk/cto/forms/g_annuity.pdf.
Annual gifts of less than £250 to an individual are exempt from the IHT rules. This covers most birthday and Christmas presents.
An individual can make total gifts up to £3,000 in any tax year ended 5 April and be exempt from the IHT rules. An individual who has not used his £3,000 IHT exemption in the previous year can make total gifts of £6,000 in the next year.
There are other exemptions, such as gifts on marriage, and gifts out of income which we can discuss with you if appropriate.
If you are the Life Tenant of a Trust the value of the Trust Assets can be included in your Estate. We will need to discuss this with you.
Reminder - disclaimer applies. Please feedback your comments. This page was last modified 20 August 2002.