Latest news with #gifts
The Sun
2 days ago
- Entertainment
- The Sun
‘Let kids be kids' trolls rage as Chloe Radford shares staggering amount she spent on her 3-year-old's birthday presents
Abigail Wilson, Senior Digital Writer Published: Invalid Date, CHLOE Radford has been criticised by fans after revealing the staggering haul of gifts she bought for her daughter Mila's third birthday. The mum-of-two and daughter of Britain's biggest family, who recently gave birth to her second child Bodhi Reign on 28th April 2025, has been accused by trolls of spending 'too much' on her first born. 10 10 10 10 Posting on social media, the 29-year-old uploaded a video showing the presents she'd purchased for her daughter. In the two-minute-long clip, Chloe ran through the 10 gifts that she and partner Jake Wallace nabbed as they prepared for their little darling to turn three. Not only did the couple buy Mila a bike and a light-up vanity table, but the total cost was a whopping £240 on the gifts. Chloe, who shot to fame alongside Sue and Noel Radford, thanks to their TV show 15 Kids & Counting, which later evolved into 22 Kids & Counting, began the 'birthday haul ' by showing her followers the £120 bike she bought for Mila. Chloe hailed the bike, which was purchased from popular brand Huffy, as Mila's first 'big present.' The bike has a metallic purple frame, a fluorescent pink seat, matching handlebars and is equipped with stabilisers. Chloe admitted that her little girl 'doesn't know how to ride it yet,' but confirmed that she would learn. The influencer then showed viewers the Dimples' Wooden Light-Up Vanity Table and Stool, which retails for £49.99, as she continued: 'And then her other big present is this vanity table.' Chloe, who is Noel and Sue 's second eldest daughter, explained that Mila loves going into her and Jake's room to look in the mirror, as she added: 'I think she'll really enjoy having that in her own bedroom and pretending to do her hair and make-up.' The content creator, who is the third oldest Radford child, suggested that she and Jake had only bought Mila two big presents, but that's not to say that the other eight gifts shown in the clip were insignificant. Mum-of-22 Sue Radford's daughter Chloe sobs over her toddler's DIY haircut which looks like she's 'shaved her head' The haul also included a £29.99 remote-controlled Barbie car, which Mila received along with a Barbie doll and a £19.99 Minnie Mouse sink. In the video, which has been viewed 82,400 times, Chloe asked: 'Does anyone else's toddler love to just play in the bathroom sink?' As a result, the blonde thought Mila would 'absolutely love' the gift as it would give her the chance to 'pretend to do a little bit of washing up.' As well as this, Chloe, who recently opened up on her 'brutal' birth with her son, got Mila a 'mess-free colouring [set]' for £24.99, along with a playdough set. Mila's other gifts included a football as she 'she absolutely loves football,' as well as two purchases from Home Bargains - a 'little fidget thing' and a pack of four lip balms featuring Disney princesses. Meet the Radfords' 22 kids Christopher, 36 The oldest Radford child, Chris works as a glazier and is married to Nicole Spencer. They have three children: Maise-Paige, eight, Jacob, five, and Oakland, three. Sophie Rose, 31 Sophie has her own cleaning company, Time for Sparkle, and shares three children with husband Joseph Bradley: Daisy, 12, Ayprill, 10, and Leo, nine. Chloe Anne, 29 Chloe's a make-up artist and is mum to daughter Milla, two, and son Bodhi, three months, with her boyfriend, Jake Wallace. Jack Richard, 28 Publicity-shy Jack prefers to stay out of the limelight, and hasn't publicly shared his relationship status or career. Daniel Leon, 26 After training to be in the RAF, Daniel had a near-fatal car crash in Bristol, which played out on his parents' TV show. He overcame his subsequent fear of driving in order to emigrate to Australia. Luke James, 24 Luke came out to his parents as bisexual in 2021 - warming viewers' hearts after Sue and Noel attended a Pride festival with him that summer. He works for the family's pie business. Millie Jo, 23 Millie is married to Harley Passmore and is mum to three children: Ophelia, four (from a previous relationship), and Chester, three, and Elodie, one (whom she shares with Harley). Katie Louise, 22 Katie works at a nursery and shares one nine-month-old son, Ronnie, with her boyfriend Connor Carter. James Edward, 21 James is busy working in the family's pie shop and hopes to run it someday. Ellie May, 20 Ellie's training to be a hairdresser, and has also worked part-time in a hotel housekeeping job. Aimee Elizabeth, 19 Aimee's also qualified to be a hairstylist and has famously practised her skills on family members in video clips. Josh Benjamin, 18 According to his parents, Josh was a 'nightmare' at school and he didn't commit to his studies - but that all changed when he found his passion as a sports coach. Max Joseph, 16 Max was diagnosed with autism in 2021, and has since struggled with socialising. Working in the pie shop has apparently helped him. Tillie May, 15 One of Tillie's legs stopped growing when she was just 18 months old, due to an infection. In 2019, she was fitted with a frame to help strengthen the limb, but - last year - it was revealed she'd need further treatment and potential surgery. Oscar Will, 13 Oscar has been described as having 'incredible initiative' at school. Casper Theo, 12 Casper always dreamt of being a footballer, but was gutted on his family's show when he didn't make it into a Premier League club's youth team. Alfie Thomas Alfie would have been the Radfords' 17th child, but he was tragically stillborn at three months. The Radfords refer to him as their 'missing heartbeat'. Hallie Alphia Beau, 10 Hallie's middle name was given in tribute to her late brother, who died just a year before her birth. Phoebe Willow, eight Phoebe has been awarded prizes at school for her achievements, much to her parents' pride. Archie Rowan, seven As the 20th Radford baby, Archie was expected to be the last - marking 'a nice, even number' in Sue's words. Bonnie Raye, six Again, Bonnie was expected to 'finish' the brood, but plans changed. Heidie Rose, five The youngest Radford child, mum Sue has since insisted: 'No, that's it now!' Clearly delighted with the presents, Chloe, who works as a bakery manager at the family's Radford Pie Company, explained: 'I'm really excited to see her face when she opens all of these things in the morning.' In another clip, the mother revealed that she also had a two-tier Monsters, Inc. cake made especially for Mila's birthday celebrations. As well as this, she also filmed Mila opening the gifts while wearing a party hat, as the little darling appeared to be just as thrilled with the haul as her mother had hoped. Big divide But despite Chloe and Mila being overjoyed with the gifts, not everyone online was as keen to share in their excitement. While a number of mums criticised Chloe for the amount she spent on Mila's gifts, others were disapproving of some of the presents, suggesting they weren't suitable for a three-year-old. Referring to the cost of the haul, one user slammed: 'Too much.' Another added: 'Blimey, that's a lot.' At the same time, a third agreed and penned: 'I know it's your money but it's a bit much for a birthday. Wouldn't like to [see] her Christmas presents.' How does family-of-22 the Radfords afford to live? AS Britain's biggest family, it may come as no surprise that Sue and Noel Radford must have some hefty bills. Between them, they have a whopping 22 children and seven dogs, which often has some people wonder how they manage their money. The Radfords support themselves with the proceeds of Noel's bakery, The Radford Pie Company, which is located near their home. On their website, it says: 'We have owned our own lovely bakery since 1999 which is how we manage to provide for (and feed) our huge and expanding family as well as for the local people of Heysham and Morecambe.' The family expanded their business to cater to online orders placed across the UK. The business is a family affair, with Noel at the helm, and some of their children helping out. The older kids, who are working at least part-time, don't get a free ride as they're made to pay a small amount of rent to their parents. "Us older ones do pay a little bit of board. Granted it's not a lot but I'm also trying to save up for my own house at the moment.' their daughter Chloe said in a video on the YouTube channel. Sue added: "We've always said if you want to buy somewhere, renting is a bit of dead money, so we'd rather you saved that money up and stayed at home a bit longer. 'I also do believe they should pay board if they are earning. We've always been brought up by our parents that we had to pay board.' Noel and Sue famously don't rely on benefits for their bumper brood and live off their pie shop for income. They also revealed they make money from brand partnerships on social media. The Radford family stars in their own reality TV show 22 Kids and Counting - which has run for four series. Brand expert Andy Barr believes Noel and Sue have been paid less than £10,000 for each show. He told the Daily Mail: "The typical fee per episode is going to be in the thousands rather than the tens or hundreds of thousands that people often think is the case with TV shows of this nature. "If they continue to get commissioned for a fourth or fifth season, then they are going to be able to command a higher fee." He estimates that the Radfords make £ 5,000 an episode. Meanwhile, someone else commented: 'Pretend to do hair and make-up at three? Let kids be kids.' However, at the same time, others praised Chloe's efforts, as one person said: 'You can't help but spoil them - spoil them while you can hun.' A second asked: 'Why are people so negative? I don't think that it is an "excessive amount" at all. All lovely presents that she will use and enjoy.' Not only this, but a third rushed to support Chloe and shared: 'Some of the comments on here are ridiculous. So judgemental. Scroll on for god's sake.' Unlock even more award-winning articles as The Sun launches brand new membership programme - Sun Club 10 10 10 10 10 10
Daily Mail
3 days ago
- Business
- Daily Mail
Inheritance tax and gifts: What to know
By If your late loved one was generous with gifts, then unless they kept good records you might have to turn detective when filling in inheritance tax forms. Even when an estate is not large enough to pay death duties, a deceased person's finances still need to be gone through - often information must be submitted just to prove they are exempt. You have to get the figures right and hand over convincing evidence to His Majesty's Revenue and Customs to back them up if necessary. So, what happens if gifts were often made ad hoc, and memories among living relatives or friends about presents received years ago are hazy? 'Often individuals don't accurately track gifts made during their lifetime, leaving their executors with a paperwork headache on their death,' says James Harrison, chartered financial planner at Path Financial. 'Gifts do not count for inheritance tax purposes if they are made to a spouse, civil partner or charities. Gifts to anyone else are liable to count.' We look at the gifting rules, the details HMRC requires on an inheritance tax form, and what to do if you are an executor trying to piece things together. We also explain how to keep a useful gift record for your relatives for when they need it. What you need to know about inheritance tax and gifts The number of families paying inheritance tax is bound to rise in coming years due to frozen thresholds, high property prices and pending pension changes . It is levied at 40 per cent on estates above a certain size - you can find out the key inheritance tax thresholds here. Gifts are one of the simplest ways to reduce an inheritance tax bill, because if you live for at least seven years they become exempt. The seven year rule: You can gift £3,000 a year, plus make unlimited small gifts of up to £250, free from inheritance tax. Wedding gifts are also exempt, although the amount depends on how close you are to the bride or groom. If you die before the seven years are up, inheritance tax is levied on a sliding scale - starting at the full whack of 40 per cent if it's within the first three years. See a full rundown of types of gifts and the sliding scale in the tables below. James Harrison of Path Financial says: 'In terms of limits, any amount can be directly gifted to start the "seven year clock" before the gift falls outside of the donor's estate. 'The £3,000 is not per recipient, but is the donor's total allowance, so it could be split between multiple people, for example £1,500 to two people. Other gift allowances exist - you can give as many gifts as you like to different people of £250 per person each year.' How much can you gift to avoid inheritance tax? Gifts with reservation of benefit: Beware you don't continue to benefit from a gift once it's been handed over, or it can end up back in your estate and liable for inheritance tax. Executors need to be mindful of gifts with reservation of benefit, says Diva Shah, a senior associate at law firm Kingsley Napley. 'These are gifts which the donor has continued to benefit from after they were gifted and as such the seven year rule does not apply - such as a property which they gifted then continued to live in.' Sean McCann, chartered financial planner at NFU Mutual, says the only way to make that work is to pay your children a market rent, check it at least every two years and keep records of consultations with the letting agents. But there are income tax and capital gains tax implications for the recipients, and other complications. 'HMRC has given examples that don't fall foul of the rules because the person giving away property is "virtually excluded" from benefiting,' says McCann. 'These include a property you gift but stay in with the new owner for less than one month a year, or without them for less than two weeks a year. 'Visits to the house for domestic reasons such as baby sitting or convalescence following medical treatment are also deemed to be within the rules. 'There are other examples quoted including gifting a car, where the new owner gives you occasional lifts. HMRC goes as far as defining "occasional" as "being less than three times a month".' Gifts out of surplus income: You can make unlimited, regular gifts free of inheritance tax - to younger or older relatives, for example - but only if you can prove it's coming out of spare income. Such gifts must be made out of surplus funds, which means your beneficiaries may have to show HMRC your old bank statements to prove you did not need to spend that money on anything else. More families are cottoning on to this method of cutting an inheritance tax bill . But Harrison says it is a very valuable but underused method for gifting, especially for family members such as children. 'It is important to keep a clear record and consistent pattern of such giving, and the gifts must come from income and not from assets, and not reduce your standard of living. 'However, gifts from surplus income fall immediately outside of your estate, unlike large one-off gifts. 'In terms of the pattern, there is no set interval - monthly, quarterly, or annual all count - as long as there is a track record (or clear intention) of consistency.' McCann says: 'Many use the exemption to make outright gifts, put money into trust, or invest in pensions for younger members of the family. Many wealthy grandparents use it to help pay their grandchildren's school fees, reducing their inheritance tax (IHT) liability in the process. 'HMRC looks for a pattern of regular gifting from income and will review the frequency and amount of the gifts. Gifts made on a regular basis such as annually or more frequently are more likely to satisfy the test. 'The first gift in a series can qualify even if you die shortly after making it, provided there is evidence that further regular gifts were planned. 'For this reason, it's a good idea to send your loved ones a note with the first gift confirming your intention to gift regularly and keep a copy with your will.' What information will HMRC require? The inheritance tax form IHT403 for gifts is here , and it can be used as a template for keeping a record for your family members. Gifts made within the seven years before death are covered on page three. It requires executors to provide the following information for each gift. - Date of gift - Name and relationship of individual, charity or other organisation who received the gift (for example, son, daughter, business partner). What counts as a gift? When it comes to what you should and should not include, James Harrison of Path Financial says: 'Gifts of money, shares, land or property all count. 'So too do antiques, furniture or jewellery. Items like flowers or clothing don't, though a particularly vintage or historic item of clothing would be worth closer inspection.' Diva Shah of Kingsley Napley says: 'HMRC defines a gift as anything that has a value including money, property or land, and items, such as jewellery or antiques and shares. 'An individual can give as many gifts of up to £250 per person each tax year, as long as they have not used another allowance on the same person. Birthday or Christmas gifts from regular income are also exempt from inheritance tax.' She says a gift like a box of chocolates should fall under one of the exemptions above, but any larger gifts of more than £250 would need to be reported to HMRC unless another exemption applied. On the IHT403 form, gifts out of surplus income, or technically speaking 'made as part of normal expenditure out of income', are covered on page eight. There are lists covering income and expenditure, and then the surplus. If you are the giver, you can fill them in over the years to provide a record and demonstrate the regular pattern for your executors to show the taxman. Be aware that you get just six months, kicking off from the last day of the month after a loved one's death, to add up their assets, calculate what is owed and hand over any inheritance tax due to the taxman. If you miss the deadline then interest, currently 8.25 per cent, starts being charged. There are other penalties, including for errors, omitting assets and evasion. If no money is due, you get 12 months leeway to simply fill in the forms to show nothing is owed, and you are also subject to penalties if you are late. You can't be granted probate, and get access to funds in an estate, until you have settled IHT matters with HMRC. After you get probate, HMRC can still come back and ask more questions. How do you track down info on gifts If you have the task of putting a record together as executor or administrator of an estate, you can start with bank statements of the deceased and ask all potential gift recipients for information. It might be that people who received gifts have bank records that can supply or corroborate vital information. If they are beneficiaries, they should be willing to help to speed the process along so the estate can be distributed. Jonathan Halberda, specialist financial adviser at Wesleyan Financial Services, says: 'When someone dies without a clear record of the gifts they gave in life, it can cause serious complications for their family when completing HMRC's IHT400 inheritance tax form. 'Executors, usually family members or close friends named in a will, are responsible for declaring gifts made in the seven years before death. 'Without a proper paper trail, they can be left trawling through old bank statements, chasing down beneficiaries, and making best guesses at an already emotional time, all while facing tight probate deadlines.' Diva Shah says: 'If no formal records exist, executors should be reviewing the deceased's bank statements for the last seven years. 'Beneficiaries should also be asked – it is not uncommon for gifts to have been made to family members who would have details of those gifts and the amounts. 'Executors should keep a comprehensive record of all correspondence looking into gifting. If the gifted items are things such as jewellery or art, the executors might need to engage a professional valuer or at the worst use estimate value based on current market prices. 'If there are no records, then estimates based on the best available evidence would allow reporting to HMRC.' Shah warns: 'Ultimately, executors and administrators of an estate are responsible for finding out whether any gifts were made by the deceased during their lifetime and reporting these to HMRC. 'If the executor later discovered that a lifetime gift was made, they could be personally liable for the inheritance tax unless they can demonstrate that they did take all reasonable steps to obtain this information, but it was not available or they were misled by a beneficiary or the recipient of the gift.' Tips on how to keep a good record of gifts 'Good record keeping is about protecting your loved ones from future complications,' says Halberda. 'It doesn't need to be burdensome, just consistent. A small admin task now could save your family considerable stress and cost later. He always advises clients to keep a clear, simple record of their gifts. 'A spreadsheet, notebook, or Word document are perfectly fine, as long as it records the date, amount, recipient and reason for the gift. 'By updating it annually and storing it safely with your will, you can reduce the risk of delays, disputes, or unexpected tax bills later on. 'Any gifts over £250 to a single person in a tax year, including birthday cheques, Christmas presents or help towards holidays, should be logged. 'Even smaller gifts within HMRC allowances are worth recording for clarity. And it's important to remember that it's not just cash. Items like shares, jewellery or a car also count.' James Harrison of Path Financial says: 'A written physical or digital record, which is updated over time and stored somewhere secure and in a known location, is a sufficient record for executors to use when administering the estate. 'This could be a "death box" which might also include will copies, or simply a file saved on a device. A digital backup is advisable in case of damage to physical paperwork. 'The only real items required are: what was given (money, property), what the value of the gift was, when the gift was made, and to whom.' Sean McCann of MFU Mutual says: 'If you're thinking about giving away jewellery, art works or other valuable items during your lifetime, it's important that the new owner takes full ownership, including responsibility for insuring the item. 'HMRC could ask to see your insurance records after your death to check whether valuable items you continued to insure also appear on your inheritance tax return.'
Daily Mail
3 days ago
- Business
- Daily Mail
Inheritance tax and gifts: Everything you need to know
If your late loved one was generous with gifts, then unless they kept good records you might have to turn detective when filling in inheritance tax forms. Even when an estate is not large enough to pay death duties, a deceased person's finances still need to be gone through - often information must be submitted just to prove they are exempt. You have to get the figures right and hand over convincing evidence to His Majesty's Revenue and Customs to back them up if necessary. So, what happens if gifts were often made ad hoc, and memories among living relatives or friends about presents received years ago are hazy? 'Often individuals don't accurately track gifts made during their lifetime, leaving their executors with a paperwork headache on their death,' says James Harrison, chartered financial planner at Path Financial. 'Gifts do not count for inheritance tax purposes if they are made to a spouse, civil partner or charities. Gifts to anyone else are liable to count.' We look at the gifting rules, the details HMRC requires on an inheritance tax form, and what to do if you are an executor trying to piece things together. We also explain how to keep a useful gift record for your relatives for when they need it. What you need to know about inheritance tax and gifts The number of families paying inheritance tax is bound to rise in coming years due to frozen thresholds, high property prices and pending pension changes. It is levied at 40 per cent on estates above a certain size - you can find out the key inheritance tax thresholds here. Gifts are one of the simplest ways to reduce an inheritance tax bill, because if you live for at least seven years they become exempt. The seven year rule: You can gift £3,000 a year, plus make unlimited small gifts of up to £250, free from inheritance tax. Wedding gifts are also exempt, although the amount depends on how close you are to the bride or groom. If you die before the seven years are up, inheritance tax is levied on a sliding scale - starting at the full whack of 40 per cent if it's within the first three years. See a full rundown of types of gifts and the sliding scale in the tables below. James Harrison of Path Financial says: 'In terms of limits, any amount can be directly gifted to start the "seven year clock" before the gift falls outside of the donor's estate. 'The £3,000 is not per recipient, but is the donor's total allowance, so it could be split between multiple people, for example £1,500 to two people. Other gift allowances exist - you can give as many gifts as you like to different people of £250 per person each year.' How much can you gift to avoid inheritance tax? Inheritance gifts: How the seven-year rule works Years between gift and death Tax due Less than 3 40% 3 to 4 32% 4 to 5 24% 5 to 6 16% 6 to 7 8% 7 or more 0% Gifts with reservation of benefit: Beware you don't continue to benefit from a gift once it's been handed over, or it can end up back in your estate and liable for inheritance tax. Executors need to be mindful of gifts with reservation of benefit, says Diva Shah, a senior associate at law firm Kingsley Napley. 'These are gifts which the donor has continued to benefit from after they were gifted and as such the seven year rule does not apply - such as a property which they gifted then continued to live in.' Sean McCann, chartered financial planner at NFU Mutual, says the only way to make that work is to pay your children a market rent, check it at least every two years and keep records of consultations with the letting agents. But there are income tax and capital gains tax implications for the recipients, and other complications. 'HMRC has given examples that don't fall foul of the rules because the person giving away property is "virtually excluded" from benefiting,' says McCann. 'These include a property you gift but stay in with the new owner for less than one month a year, or without them for less than two weeks a year. 'Visits to the house for domestic reasons such as baby sitting or convalescence following medical treatment are also deemed to be within the rules. 'There are other examples quoted including gifting a car, where the new owner gives you occasional lifts. HMRC goes as far as defining "occasional" as "being less than three times a month".' Gifts out of surplus income: You can make unlimited, regular gifts free of inheritance tax - to younger or older relatives, for example - but only if you can prove it's coming out of spare income. Such gifts must be made out of surplus funds, which means your beneficiaries may have to show HMRC your old bank statements to prove you did not need to spend that money on anything else. More families are cottoning on to this method of cutting an inheritance tax bill. But Harrison says it is a very valuable but underused method for gifting, especially for family members such as children. 'It is important to keep a clear record and consistent pattern of such giving, and the gifts must come from income and not from assets, and not reduce your standard of living. 'However, gifts from surplus income fall immediately outside of your estate, unlike large one-off gifts. 'In terms of the pattern, there is no set interval - monthly, quarterly, or annual all count - as long as there is a track record (or clear intention) of consistency.' McCann says: 'Many use the exemption to make outright gifts, put money into trust, or invest in pensions for younger members of the family. Many wealthy grandparents use it to help pay their grandchildren's school fees, reducing their inheritance tax (IHT) liability in the process. 'HMRC looks for a pattern of regular gifting from income and will review the frequency and amount of the gifts. Gifts made on a regular basis such as annually or more frequently are more likely to satisfy the test. 'The first gift in a series can qualify even if you die shortly after making it, provided there is evidence that further regular gifts were planned. 'For this reason, it's a good idea to send your loved ones a note with the first gift confirming your intention to gift regularly and keep a copy with your will.' What information will HMRC require? The inheritance tax form IHT403 for gifts is here, and it can be used as a template for keeping a record for your family members. Gifts made within the seven years before death are covered on page three. It requires executors to provide the following information for each gift. - Date of gift - Name and relationship of individual, charity or other organisation who received the gift (for example, son, daughter, business partner) - Description of assets given away (for example, cash, the address of a house, the number of shares in a particular company, the premium paid on an insurance policy) - Type of exemption or relief (for example, charity exemption, agricultural relief or business relief) - A. Value at date of gift - B. Exemptions or reliefs deducted (do not deduct taper relief here) - C. Net value - A minus B What counts as a gift? When it comes to what you should and should not include, James Harrison of Path Financial says: 'Gifts of money, shares, land or property all count. 'So too do antiques, furniture or jewellery. Items like flowers or clothing don't, though a particularly vintage or historic item of clothing would be worth closer inspection.' Diva Shah of Kingsley Napley says: 'HMRC defines a gift as anything that has a value including money, property or land, and items, such as jewellery or antiques and shares. 'An individual can give as many gifts of up to £250 per person each tax year, as long as they have not used another allowance on the same person. Birthday or Christmas gifts from regular income are also exempt from inheritance tax.' She says a gift like a box of chocolates should fall under one of the exemptions above, but any larger gifts of more than £250 would need to be reported to HMRC unless another exemption applied. On the IHT403 form, gifts out of surplus income, or technically speaking 'made as part of normal expenditure out of income', are covered on page eight. There are lists covering income and expenditure, and then the surplus. If you are the giver, you can fill them in over the years to provide a record and demonstrate the regular pattern for your executors to show the taxman. Be aware that you get just six months, kicking off from the last day of the month after a loved one's death, to add up their assets, calculate what is owed and hand over any inheritance tax due to the taxman. If you miss the deadline then interest, currently 8.25 per cent, starts being charged. There are other penalties, including for errors, omitting assets and evasion. If no money is due, you get 12 months leeway to simply fill in the forms to show nothing is owed, and you are also subject to penalties if you are late. You can't be granted probate, and get access to funds in an estate, until you have settled IHT matters with HMRC. After you get probate, HMRC can still come back and ask more questions. How do you track down info on gifts If you have the task of putting a record together as executor or administrator of an estate, you can start with bank statements of the deceased and ask all potential gift recipients for information. It might be that people who received gifts have bank records that can supply or corroborate vital information. If they are beneficiaries, they should be willing to help to speed the process along so the estate can be distributed. Jonathan Halberda, specialist financial adviser at Wesleyan Financial Services, says: 'When someone dies without a clear record of the gifts they gave in life, it can cause serious complications for their family when completing HMRC's IHT400 inheritance tax form. 'Executors, usually family members or close friends named in a will, are responsible for declaring gifts made in the seven years before death. 'Without a proper paper trail, they can be left trawling through old bank statements, chasing down beneficiaries, and making best guesses at an already emotional time, all while facing tight probate deadlines.' Diva Shah says: 'If no formal records exist, executors should be reviewing the deceased's bank statements for the last seven years. 'Beneficiaries should also be asked – it is not uncommon for gifts to have been made to family members who would have details of those gifts and the amounts. 'Executors should keep a comprehensive record of all correspondence looking into gifting. If the gifted items are things such as jewellery or art, the executors might need to engage a professional valuer or at the worst use estimate value based on current market prices. 'If there are no records, then estimates based on the best available evidence would allow reporting to HMRC.' Shah warns: 'Ultimately, executors and administrators of an estate are responsible for finding out whether any gifts were made by the deceased during their lifetime and reporting these to HMRC. 'If the executor later discovered that a lifetime gift was made, they could be personally liable for the inheritance tax unless they can demonstrate that they did take all reasonable steps to obtain this information, but it was not available or they were misled by a beneficiary or the recipient of the gift.' Tips on how to keep a good record of gifts 'Good record keeping is about protecting your loved ones from future complications,' says Halberda. 'It doesn't need to be burdensome, just consistent. A small admin task now could save your family considerable stress and cost later. He always advises clients to keep a clear, simple record of their gifts. 'A spreadsheet, notebook, or Word document are perfectly fine, as long as it records the date, amount, recipient and reason for the gift. 'By updating it annually and storing it safely with your will, you can reduce the risk of delays, disputes, or unexpected tax bills later on. 'Any gifts over £250 to a single person in a tax year, including birthday cheques, Christmas presents or help towards holidays, should be logged. 'Even smaller gifts within HMRC allowances are worth recording for clarity. And it's important to remember that it's not just cash. Items like shares, jewellery or a car also count.' James Harrison of Path Financial says: 'A written physical or digital record, which is updated over time and stored somewhere secure and in a known location, is a sufficient record for executors to use when administering the estate. 'This could be a "death box" which might also include will copies, or simply a file saved on a device. A digital backup is advisable in case of damage to physical paperwork. 'The only real items required are: what was given (money, property), what the value of the gift was, when the gift was made, and to whom.' Sean McCann of MFU Mutual says: 'If you're thinking about giving away jewellery, art works or other valuable items during your lifetime, it's important that the new owner takes full ownership, including responsibility for insuring the item.
Daily Mail
4 days ago
- Entertainment
- Daily Mail
Chloe Radford reveals how much she spent on birthday gifts for her three-year-old daughter Mila - as critics argue it's 'too much'
The daughter of Britain's biggest family revealed her three-year-old's 'birthday haul' ahead of the little girl's special day - but some people crticised the mother for spending 'too much'. Chloe Radford, 29, whose parents Noel and Sue Radford have 22 children, posted a clip showing the presents she'd purchased for daughter Mila on TikTok. In the two-minute-long video, Chloe runs through the 10 gifts that she and partner Jake Wallace bought for their only daughter's third birthday, with the couple splashing out £240 on the presents. Chloe shot to fame alongside the Radford family, headed by parents Sue and Noel, thanks to the 2012 Channel 4 documentary 15 Kids & Counting. It later evolved into 22 Kids & Counting as their brood expanded. She began the 'birthday haul' TikTok by showing her followers the £120 bike she bought for Mila. With a metallic purple frame, a fluorescent pink seat and matching handlebars, and equipped with stabilisers, the girly kids' bike - Mila's first 'big present' - was purchased from popular brand Huffy. Admitting that her little girl 'doesn't know how to ride it yet', Chloe added that Mila will learn. The mother-of-two continued, 'And then her other big present is this vanity table,' as she showed viewers Dimples' 'Wooden Light-Up Vanity Table and Stool', which retails for £49.99. Having explained that Mila loves going into her and Jake's room to look in the mirror, Chloe added: 'I think she'll really enjoy having that in her own bedroom and pretending to do her hair and make-up.' While Chloe suggested that they had bought Mila only two big presents, that's not to say that the other eight gifts shown in the clip were insignificant. The haul also included a £29.99 bright pink, remote-controlled Barbie car, which Mila received along with a Barbie doll, and a £19.99 Minnie Mouse sink. In the video, which has been viewed 81,000 times, Chloe asked: 'Does anyone else's toddler love to just play in the bathroom sink?' She said she thought Mila would 'absolutely love' the gift as it will give her the chance to 'pretend to do a little bit of washing up'. In addition, parents Chloe and Jake bought their daughter a 'mess-free colouring [set]' for £24.99 along with a playdough set. Mila's other gifts included a football - 'she absolutely loves football' - as well as two purchases from Home Bargains - a 'little fidget thing' and a pack of four lip balms featuring Disney princesses. Visibly delighted with the presents, Chloe added: 'I'm really excited to see her face when she opens all of these things in the morning'. In another video, the mother also revealed that she had had a two-tier Monsters, Inc. cake made for three-year-old Mila's birthday celebrations. Filmed hurriedly opening the gifts while wearing a party hat, the little girl appeared to be just as thrilled with the haul as her mother had hoped. Yet, despite mother and daughter being extremely happy with the gifts, not everyone online was keen to share in their excitement. While a number of people criticised Chloe for the amount she appeared to have spent on Mila's birthday, others were disapproving of two of the gifts, suggesting that they weren't suitable for a three-year-old. Referring to the money spent on the haul, one person wrote: 'Too much'. Another added: 'Blimey, that's a lot'. A number of people suggested that Chloe had spent too much on her daughter's birthday Someone else commented: 'Pretend to do hair and make-up at three? Lets kids be kids'. Others, however, praised Chloe's efforts, with one person writing: 'You can't help but spoil them - spoil them while you can hun'. A second said: 'Why are people so negative? I don't think that it is an "excessive amount" at all. All lovely presents that she will use and enjoy'. While a third took aim at Chloe's detractors, adding: 'Some of the comments on here are ridiculous. So judgmental. Scroll on for god's sake.'
Yahoo
5 days ago
- Entertainment
- Yahoo
How Tom Cruise & Ana de Armas' Relationship Is Reminding Fans of His Brief Romance With Sofía Vergara
Tom Cruise may have a new love interest — but longtime observers are getting déjà vu. The 63-year-old actor touched down in London this week with Ana de Armas, 37, arriving via private helicopter with her two dogs and former F1 driver David Coulthard in tow. While neither star has confirmed a romance, the jet-setting, the grins, and the lavish gestures are starting to look familiar. Cruise kept it casual in a navy T-shirt and jeans, waving enthusiastically as Ana followed behind in a Vermont sweatshirt and leggings, cradling her Maltese Elvis. Havanese pup Salsa trotted beside her. It looked like a cozy couple moment — and if you ask the internet, maybe something more. More from SheKnows Pamela Anderson & Liam Neeson Can't Keep Their Hands off Each Other - And Fans Are Losing It 'Tom has been showering Ana with gifts ever since they met,' a source told Daily Mail. 'It's his thing, he is thoughtful.' The gifts reportedly began with flowers and books — the latter of which has raised some eyebrows — then escalated to gold bracelets, designer clothes, and globe-hopping getaways. 'Probably the biggest gift he has given her is being able to go anywhere in the world at a moment's notice,' the insider added. 'She loves to travel.' Sound familiar? Cruise pulled the same moves with Sofía Vergara back in 2005, calling her constantly and sending flowers and chocolates after they met at a pre-Oscar party. According to reports, she was briefly dazzled — until she realized she was being 'auditioned' for a role that came with a conversion clause. The romance fizzled when she refused to leave her Catholic faith for Scientology. Cruise reportedly attempted to rekindle the romance back in 2023 with no luck. Cruise's reputation for orchestrated courtship isn't new. Between the Vergara chapter and the much-publicized relationship with Katie Holmes (who allegedly filed for divorce to protect daughter Suri from the Church), Cruise has kept his personal life meticulously private — but often telling in pattern. The Mission Impossible star and de Armas have known each other since Wasp Network in 2019 and are now filming Deeper, a supernatural thriller directed by Doug Liman. 'It's so much fun, and we're definitely working on a lot of things,' the Knives Out star teased in a May Good Morning America interview. 'Not just one but a few projects with Doug Liman and Christopher McQuarrie and, of course, Tom. And I'm so excited.' Are they just colleagues? Longtime friends? Or is Cruise, once again, trying to script something more? One thing's clear: the gifts are back. And fans who've seen this before are already predicting how the third act might play of SheKnows Actors Who You Forgot Have Impressive Singing Careers Too All About Conor Kennedy, RFK Jr.'s Private Son Who Was Once Linked to Taylor Swift 16 Times the Celebrity Death Rule of Threes Actually Happened Solve the daily Crossword
