On 08/07/2015 13:01, Tim Watts wrote:
On 08/07/15 12:36, stuart noble wrote:

Anything going out of the account in the previous 7 years will be deemed
a gift by default. *******s

Anything that cannot be verified to be in procurement of goods or
settlement of a bill I presume?

I don't think it can be quite that retarded. Otherwise someone who
withdrew £50-100 each week to buy groceries would be deemed to have
"gifted" £18k-36k which would have a non trivial impact.

They obviously tend to lock on to the larger amounts in round figures.
Spending £500 a week on grub might raise eyebrows.

Having dealt with probate, I cannot recall HMRC wanting to see the last
7 years of bank transactions.

I had to send the whole lot off, but left out 2 months. They got all
excited but the missing statements contained nothing significant. I was
just testing them

Just how far is an executor suppose to go?
Just the 7 years.

I meant in terms of effort?

Most of the effort will be your attempts to reduce the value of the estate


I have a mate whose stamp collection is worth more than his house. No
audit trail there. Smart guy

I am sorely tempted to start hiding gold kruggerands all over the place...

Or antiques. HMRC are only after the low hanging fruit