.png)
.png)
Stealth tax?
KEY POINTS
- Government’s 2016 proposals for increased probate fees met with outcry and were shelved.
- New fees have been announced in the House of Commons with no consultation due.
- Charities may be big losers as a result of the new regime.
- According to the government affordability is not a problem.
In February 2016 the Ministry of Justice revealed a scheme to increase probate fees in England and Wales that would raise an additional £300m a year to fund the courts and tribunals service. This would be achieved through a new sliding scale schedule with fees starting at £300. Estates valued at more than £1m would have paid £8 000 those between £1.6m and £2m £12 000 while for estates worth more than £2m the fee was set to be £20 000.
...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
