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1995 Probate calendar

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1995 Probate calendar

Postby clarksclerks » Tue Jun 05, 2018 11:30 pm

I'm having difficulty interpreting the 1995 probate calendar on Ancestry. All the sums mentioned seem very high (eg £326096) and I'm wondering whether there should be a decimal point or similar somewhere. In words, is this three hundred and twenty six thousand and ninety six pounds, or much less?

Thanks
Eileen
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Re: 1995 Probate calendar

Postby Mick Loney » Wed Jun 06, 2018 5:13 am

Eileen,
Are you referring to an Ancestry transcription, or what is actually shown on the Index? If the person lived in London, with house prices as they were, the figure doesn’t seem unreasonably high.


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Re: 1995 Probate calendar

Postby AdrianB38 » Wed Jun 06, 2018 6:18 am

Indeed - there must be lots of places where that is fairly normal for a home owner.

For comparison, the current Inheritance Tax Threshold is set at £325,000 in the UK and IHT gets paid by ordinary people. NB an estate value of over £325k doesn't mean that the estate paid IHT - some bequests are free of the tax.

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Re: 1995 Probate calendar

Postby clarksclerks » Thu Jun 07, 2018 1:04 am

Thank you for this insight. I had forgotten that the person's assets might have included a house. The man in question died in Blackburn, Lancs. in 1995 and previously had lived in Surrey so it is quite possible he had a house of reasonable quality.
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