Property News · February 27, 2016

It’s time to raise inheritance tax – not probate fees


The proposed increases are staggering … pay £300 if the estate is in Hull, £4,000 if it’s in HackneyIt’s a new “death tax” for “grieving families”. It’s an “astronomical” blow for the “bereaved”. The government is proposing a sharp rise in probate fees on larger estates, which has sent the blood pressure of Telegraph readers off the scale. And, for once, I agree. If you missed it – and that was easy to do as the consultation paper was slipped out last Friday just as all eyes were focused on David Cameron striking a deal with the EU – the fee increases are staggering.The official grant of probate (which is what you need before you are allowed to distribute a dead person’s estate) now costs either £155 if you use a solicitor or £215 if you do it yourself. It’s free if the estate is worth less than £5,000. Continue reading…

Source : theguardian.com
Read more…It’s time to raise inheritance tax – not probate fees

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