I have just been through the same performance. Also in the UK.
The issues are all centered around inheritance tax.?
The government want to grab as much money as they can.
They want everything valued and if the total value exceeds?the deceased's allowance
its taxed. You have to pay a proportion of the tax before you get ?the grant of probate.
Once you have the grant of probate then you can distribute any assets and sell what you
The one to watch out for is property. The value used when calculating tax is the value
when the person died.
If the property is then sold later on then the difference attracts capital gains tax.
From: Tony Duell <ard at p850ug1.demon.co.uk>
To: cctalk at classiccmp.org
Sent: Friday, 30 May 2014, 23:04
Subject: Re: bucketkicking [Was: Re: Listing of 60s mainframes/minis with CRT
He used to buy tools at Harbor Freight.? About $100
My father bought a lot of tools, but mostly good qualtiy, so I am keeping
There have been many suggestions as to waht you should keep when clearing
out. One of the silly ones is 'if you've not used it for a year, get rid
of it'. Silly becasue there re so many speicalised thigns that I don't
use every year, btu know full well I will need i nthe future.
The sensible one IMHO is 'Keep only that which you know to be useful or
believe to be baautiful'. Well, it's worked for me....