Probate fees based on value of estate

Published on
1 min read

The Government is set to charge probate fees based on the value of an individual’s estate on death. For some this will result in a massive increase, from the current £155 fee, to £6,000. This is on top of any inheritance tax that is payable.

Many of the public will be unaware of these changes, which are expected to come into in April, but professionals are outraged by these proposals: they consider that the changes represent an additional tax on death, rather than a fee for the Probate Registry’s service. A fuller parliamentary process has to be followed to introduce a new tax, than is required to increase a fee, so these changes are criticised as a “tax by the back door”. 

Both STEP and the Law Society have voiced their concerns over the manner in which these changes are being brought in. The Law Society has circulated a helpful link to enable anyone to send a note to their MP (in less than two minutes) highlighting their disapproval of these proposals. However it is anticipated that the final House of Commons’ vote on the proposals is imminent, so anyone wishing to raise this with their MP needs to act swiftly!

Click here for more information or get it touch with one of our team

Mills & Reeve Sites navigation
A tabbed collection of Mills & Reeve sites.
Sites
My Mills & Reeve navigation
Subscribe to, or manage your My Mills & Reeve account.
My M&R

Visitors

Register for My M&R to stay up-to-date with legal news and events, create brochures and bookmark pages.

Existing clients

Log in to your client extranet for free matter information, know-how and documents.

Staff

Mills & Reeve system for employees.