MFI — Property Detail · 23 Maple Drive (richer v4)
Springboard: 39-property-detail-enriched (pre-tax). Richer: all springboard sections preserved + enriched, plus an additive sienna TAX & INHERITANCE track showing how this property contributes to estate IHT — RNRB note, spousal-exemption-defers flag — each carrying the INHERIT trust chip.
Springboard: 39-property-detail-enriched (pre-tax). Richer: all springboard sections preserved + enriched, plus an additive sienna TAX & INHERITANCE track showing how this property contributes to estate IHT — RNRB note, spousal-exemption-defers flag — each carrying the INHERIT trust chip.
23 Maple Drive
23 Maple Drive, Sketty, Swansea SA2 9EF
Estimated value
£385,000
Detached, 4 bed, 142m², SA2 postcode
AI estimated · 78% confidence · updated 28 Mar 2026
Last sale price
£265,000
Purchased 14 June 2003
HM Land Registry Price Paid data
Outstanding mortgage
£82,000
Lloyds Bank · repayment · ends 2031
You entered this
Net equity
£303,000
Estimated value minus mortgage
Calculated
🗺 Map view · 23 Maple Drive, Sketty, SA2 9EF
The property · what we know
Land Registry
✓ Verified
Title number
WA123456 Land Registry
Tenure
Freehold Land Registry
Registered proprietors
William J Richards, Margaret A Richards Land Registry
Ownership type
Joint tenants Land Registry
Purchase date
14 June 2003 Price Paid
Purchase price
£265,000 Price Paid
Registered charges
Lloyds Bank plc
Registered 14 Jun 2003 · mortgage
● Active
Halifax Building Society
Registered 12 Mar 1998 · discharged
✓ Satisfied
Energy Performance (EPC)
✓ EPC Register
Property type
Detached house EPC
Floor area
142 m² EPC
Construction
1970–1980 EPC
Heating
Gas central heating EPC
Number of rooms
7 habitable EPC
EPC valid until
15 Sep 2031 EPC
Rooms
13 rooms · 45 items
Primary bedroom3 items
Bedroom 21 item
Bedroom 30 items
Bedroom 40 items
Bathroom0 items
En-suite0 items
Study8 items
Kitchen2 items
Dining room7 items
Living room6 items
Garage4 items
Garden shed2 items
Loft8 items
+ Add room
Insurance
Linked from Insurance
AXA Home Contents
Contents · policy HC-2024-8847
£45,000
→
AXA Buildings
Buildings · policy BD-2024-8848
£350,000
→
Mortgage
Lender
Lloyds Bank You entered this
Outstanding
£82,000 You entered this
Type
Repayment You entered this
End date
March 2031 You entered this
Monthly payment
£1,240 You entered this
Rate
4.2% fixed to 2027 You entered this
Ownership & inheritance
✓ Land Registry
Ownership
Joint tenants with Margaret Land Registry
On the first death
Passes automatically to survivor
David's share (notional)
£151,500 (50%) Calculated
Route of passing
Survivorship, not the will INHERIT rules
Plain English: because you and Margaret own this as joint tenants, your half passes straight to her when one of you dies — it does not go through your will. What is a joint tenancy?
🧾 Tax & inheritance for this property
This property's net equity
£303,000
£385k value − £82k mortgage
Whole estate value
£560,000
this property + 12 other items
Tax-free allowance
£500,000
£325k nil-rate + £175k residence band
Estate taxable slice
£60,000
est. IHT £24,000 @ 40%
This property is the estate's largest asset — its £303,000 of equity is more than half the estate's total value, so how it passes shapes most of the Inheritance Tax (IHT) picture.
computed against INHERIT · E&W Tax · reviewed: Stable
Residence Nil-Rate Band (RNRB)
Tax track
An extra £175,000 tax-free
✓ This property qualifies
The Residence Nil-Rate Band is an extra slice of your estate that escapes Inheritance Tax — on top of the standard £325,000 — but only when your main home passes to your children, grandchildren or other direct descendants.
23 Maple Drive is your main residence, so its value can carry this £175,000 extra allowance. Together with the £325,000 nil-rate band, that shelters up to £500,000 of the estate before any tax is due.
23 Maple Drive is your main residence, so its value can carry this £175,000 extra allowance. Together with the £325,000 nil-rate band, that shelters up to £500,000 of the estate before any tax is due.
£175k RNRB covers this property's equity
£128k of equity leans on the nil-rate band
computed against INHERIT · E&W Tax · reviewed: Stable
The RNRB tapers away for estates over £2m. Yours is well below that, so the full £175,000 is available. How the RNRB works
Passing to Margaret · spousal exemption
Tax track
No Inheritance Tax on the first death
£0 IHT now
The spouse (or civil partner) exemption means anything left to a husband, wife or civil partner is free of Inheritance Tax.
Because you hold 23 Maple Drive as joint tenants, your half passes to Margaret automatically by survivorship — so on the first death there is no IHT on this property at all.
computed against INHERIT · E&W Tax · reviewed: Stable
⚠ Worth planning: the tax is deferred, not removed
For planning
The exemption defers the bill rather than cancelling it. When the property later passes from Margaret's estate to the children, the whole value is back in scope — and a larger combined estate by then could face more IHT than two separate ones would.
Unused allowances usually transfer between spouses, but the timing and how the home is left both matter. A tax adviser can model the second death now while there is room to act.
Unused allowances usually transfer between spouses, but the timing and how the home is left both matter. A tax adviser can model the second death now while there is room to act.
computed against INHERIT · E&W Tax · reviewed: Stable
How 23 Maple Drive contributes to your estate's IHT
Tax track
Equity added to estate
£303,000 net of mortgage
Share of estate value
54% largest single asset
RNRB it unlocks
£175,000 main residence
IHT on first death
£0 spousal exemption
IHT if children inherit directly
within £500k allowance no IHT on this asset
Flag
⚠ Tax deferred to second death
In short: this property pays no IHT on the first death and stays within your allowances if the children inherit directly — but planning the second death is where most can be saved. We can compare tax advisers matched to your estate.
computed against INHERIT · E&W Tax · reviewed: Stable
Property value is an AI estimate, not a formal valuation or survey. Tax figures are estimates computed from your estate against the open INHERIT standard's England & Wales tax rules (status: Stable, reviewed by a named reviewer) — they are guidance, not tax advice. Land Registry, EPC and Price Paid data are drawn from official registers. MyFamilyInherits does not provide legal or tax advice; advisers shown are independently regulated (SRA / CIOT / STEP). You will never be charged automatically.
Built on INHERIT v2
This demo is built on INHERIT v2 — an open standard for describing an estate. We show you honestly which parts of this screen the standard can hold today, which are planned, and which are still gaps.
- Supported now4 entriesThe standard already has a place for this today.
- Supported now · shared core0 entriesSupported by the part of the standard shared across our brands.
- Planned2 entriesA change proposal covers this. Where we can check the standard’s own record, we show its status.
- Gap — needs planning0 entriesOn the screen, but no change proposal covers it yet. These still need planning.
- Not a standard concept0 entriesPage furniture, or something we decided the standard should not hold.
6 traced entries on this screen, from two overlapping traces
Each entry comes from either the screen’s feature list or the data the screen displays. The two traces overlap, so one feature can appear twice: these are entries, not a count of distinct features.
PlannedLand-Registry title, tenure, charges and EPC
ICP-0054 Asset-side external-registry enrichment
PlannedThe residence nil-rate band it unlocks
ICP-0034 E&W IHT spouse exemption
Supported nowEstimated value
Comes from: record.assets_registry.0.current_valuation
a field on the validated INHERIT v2 estate record
Supported nowMain residence passing to direct descendants
Comes from: record.estates.0.residence_to_direct_descendants
a field on the validated INHERIT v2 estate record
Supported nowThe property itself
Comes from: record.assets_registry.0.notes
a field on the validated INHERIT v2 estate record
Supported now
property-detail.real-propertyIn the standard as: Assets · RealProperty
The 30 change proposals this demo relies on
A change proposal (ICP) is a tracked request to extend the standard. These are the ones behind the “Planned” features across all 32 screens — and the few already adopted and built. Where the standard has a written proposal we show its status from the standard’s own record; where it does not, we say so rather than guess.
- ICP-0001 · TT-657 — Port v1 consumer-estate surface into v2 (approved in the standard)
- ICP-0002 · TT-658 — IHT 36% reduced charity rate (approved in the standard)
- ICP-0006 · TT-663 — Marketplace & dealer model (tracked; no written proposal yet)
- ICP-0007 · TT-664 — Valuation lifecycle enrichment (tracked; no written proposal yet)
- ICP-0008 · TT-665 — Delegation, stewardship & marketplace integrity (tracked; no written proposal yet)
- ICP-0013 · TT-672 — Condition grading (tracked; no written proposal yet)
- ICP-0014 · TT-673 — Collector records bundle (tracked; no written proposal yet)
- ICP-0015 · TT-674 — Legal-assurance model (pending in the standard)
- ICP-0016 · TT-681 — Professional engagement & marketplace data model (approved in the standard)
- ICP-0019 · TT-684 — Executor / personal-representative appointment & powers model (pending in the standard)
- ICP-0020 · TT-685 — Distribution-logic primitives: survivorship, age-contingent, abatement, cy-près (pending in the standard)
- ICP-0021 · TT-686 — Wishes, directives & plan-assessment primitives (pending in the standard)
- ICP-0022 · TT-1029 — Post-death estate-administration & will-lifecycle domain (pending in the standard)
- ICP-0024 · TT-1031 — Nomination / expression-of-wish — non-testamentary transfer route (pending in the standard)
- ICP-0026 · TT-1033 — Free-text→structured multi-entity extraction (pending in the standard)
- ICP-0027 · TT-1034 — Living-Monitoring change-event model (pending in the standard)
- ICP-0028 · TT-1040 — Couple / mirror-vs-mutual wills modelling (pending in the standard)
- ICP-0029 · TT-1068 — Insurance-cover model (pending in the standard)
- ICP-0030 · TT-1069 — Catalogue item-import adapter (pending in the standard)
- ICP-0033 · TT-1131 — Executor pre-death readiness facet (tracked; no written proposal yet)
- ICP-0034 · TT-1132 — E&W IHT spouse exemption (tracked; no written proposal yet)
- ICP-0044 · TT-1143 — Steward/authority-grant remuneration facet + paid-helper undue-influence safeguard (tracked; no written proposal yet)
- ICP-0045 · TT-1014 — general Media/attachment primitive (tracked; no written proposal yet)
- ICP-0046 · TT-1144 — Multi-opinion / consensus valuation shape (tracked; no written proposal yet)
- ICP-0047 · TT-1145 — Compute faith fixed-shares (tracked; no written proposal yet)
- ICP-0052 · TT-1172 — Funeral & farewell domain (tracked; no written proposal yet)
- ICP-0054 · TT-1174 — Asset-side external-registry enrichment (tracked; no written proposal yet)
- ICP-0055 · TT-1175 — Asset enrichment facets: maker/external-id (tracked; no written proposal yet)
- ICP-0061 · TT-687 — Heir collaboration & asset-claim resolution (tracked; no written proposal yet)
- ICP-0062 · TT-688 — Collections & asset disposition (tracked; no written proposal yet)
Checked against a pinned copy of the standard’s change-proposal register (69 proposals, standard at main@f63ca72e116d), and against the standard’s own record of what it has adopted (24 written proposals, 66 computed rules). Sample estate — demo data, no sign-up.