henry d Posted June 22, 2021 Report Share Posted June 22, 2021 (edited) Working on the principal that the only stupid question is the one you don't ask; here goes. I know little when it comes to probate apart from when my mother died and her "estate" was below to threshold. The auction property I am interested in buying has two figures in regards the deceased woman's estate, gross (£202k) and net (£177k). Question is, why a gross and net figure? Many thanks. Edited June 22, 2021 by henry d Clarity Quote Link to comment Share on other sites More sharing options...
johnphilip Posted June 22, 2021 Report Share Posted June 22, 2021 Could that be the value of the estate after all fees are taken off??? Quote Link to comment Share on other sites More sharing options...
Bobba Posted June 22, 2021 Report Share Posted June 22, 2021 Just now, johnphilip said: Could that be the value of the estate after all fees are taken off??? Same thoughts, although Henry d says it is the property that has the two figures. So, I would speculate the gross as being it’s value for probate purposes and net is less any charges / mortgages which may need to be redeemed once the property is sold Quote Link to comment Share on other sites More sharing options...
gdadphil Posted June 22, 2021 Report Share Posted June 22, 2021 fyi https://www.co-oplegalservices.co.uk/media-centre/articles-may-aug-2018/calculating-the-value-of-an-estate-for-probate-inheritance-tax/ cheers Quote Link to comment Share on other sites More sharing options...
henry d Posted June 22, 2021 Author Report Share Posted June 22, 2021 Many thanks Quote Link to comment Share on other sites More sharing options...
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