SevenyearReport for your file: lifetime gifts review
1Summary
2Accounts and months reviewed
| Account | How it was found | Source of statements | Months | Covered |
|---|---|---|---|---|
| Barclays current ·· 0412 | Paper statements at home | Paper (scanned) and bank PDF | 81 of 84 | |
| Nationwide savings ·· 9930 | Asset search result | Bank PDF | 84 of 84 | |
| Nationwide ·· 4471 | Seen in 37 transfers from ·· 0412; not supplied at first | Bank PDF, after request | 84 of 84 |
Strips show the seven years in 12 slices of seven months; a hatched slice has at least one month with no statement. The period is 84 monthly statement periods, 14 March to 14 March.
3Gaps and what was done about them
| Gap | Action | Outcome | Status |
|---|---|---|---|
| Barclays ·· 0412, Aug 2021 and Sep 2021 | Requested from Barclays, 4 Apr 2026; chased 18 Apr | Bank confirmed on 22 Apr that copies are not available for these months | Recorded as a gap |
| Barclays ·· 0412, Dec 2024 | Requested 4 Apr 2026 | No reply by report date; The balances either side are known; the transactions that month remain unreviewed | Recorded as a gap |
| Nationwide ·· 4471, whole account | Account identified from transfers; requested 4 Apr 2026 | 84 months received 30 Apr 2026 and reviewed | Closed |
4Flagged items and decisions
Every item flagged in the review stays in this list, including those rejected, with the reason it was flagged and who decided.
| Date | Payee and amount | Why it was flagged | Decision | Note and who decided |
|---|---|---|---|---|
| 15 Mar 2021 | Transfer T. Hale · £5,000 | Large one-off to a family surname | Gift | Son confirmed; executor P. Hale, 12 May |
| Sep 2020 – Apr 2023 | St Mary's School · 6 × £4,150 | Third-party bill, paid for someone else | Gift | Grandson G. Hale's fees; executor, 12 May (6 items) |
| 18 Jun 2022 | Transfer K. Hale · £1,000 | One-off to a family surname | Gift | Wedding of granddaughter; executor, 12 May. Exemptions are for the adviser to consider |
| Monthly, 2019 – 2026 | Standing order J. Hale · £300 | Regular transfer to a named person | Loan | Loan agreement dated May 2019 on file; adviser, 14 May |
| 02 Jun 2020 | Transfer R. Hale · £800 | Transfer to a family surname | Not a gift | Repaid in July 2020 (credit seen on ·· 0412); executor, 12 May |
| Mar 2024, Nov 2024 | Cash withdrawals · £1,500, £1,200 | Above the usual cash pattern | Not a gift | Care costs, receipts on file; executor, 13 May (2 items) |
| Monthly, 2024 – 2026 | A. Lewis · £620 | Regular transfer to a named person | Not a gift | Paid carer, invoices on file; executor, 13 May |
| 2019 – 2026 | Transfers to Nationwide ·· 4471 | Account not supplied | Not a gift | The deceased's own account; reviewed in full; executor, 13 May |
14 decisions in total (grouped rows show their item count).
5Draft IHT403 gifts schedule (extract)
| Date | Recipient | Description | Value |
|---|---|---|---|
| 15 Mar 2021 | T. Hale (son) | Bank transfer | £5,000 |
| Sep 2020 – Apr 2023 | G. Hale (grandson) | School fees paid to St Mary's School, 6 payments | £24,900 |
| 18 Jun 2022 | K. Hale (granddaughter) | Bank transfer on marriage | £1,000 |
6How this record was produced
Each statement page was read twice by two different document-reading models and checked against its own opening, running and closing balances where shown. In this fictional example, 11 pages that did not add up, or where the two readings disagreed, were flagged and checked against the original by the firm. Dates were checked to fall inside each statement's period and in order.
This report records the enquiries made and the decisions taken. Whether those enquiries are sufficient in a particular estate is a matter for the executor and their adviser.