Submitted on Wednesday 7th November 2018
Published on Wednesday 14th November 2018
Current status: Closed
Closed: Tuesday 14th May 2019
Signatures: 1,859
Probate Fees in England/Wales should remain a low flat fee covering admin costs.
A present a flat fee of £215 applies. From April 2019: Up to £50K: no charge.
£50K - £300K: £250. £300K - £500K: £750. £500K - £1m: £2,5K. The Min of Justice reckons 80% of estates won't pay more than £750. A rise of over £500! This is a stealth tax on death, not a fee to cover admin costs.
Probate fees should not help fund courts & tribunal systems. The proposed hike is unjustified.
https://www.moneyobserver.com/news/probate-costs-could-hit-ps6000-banded-fees-confirmed
https://www.telegraph.co.uk/tax/news/government-confirms-new-death-tax-will-see-estates-paying-3770pc/?li_source=LI&li_medium=li-recommendation-widget
https://www.accountancydaily.co/probate-fees-rise-ps6k-largest-estates
https://www.thisismoney.co.uk/money/article-6356603/New-death-tax-hit-grieving-families.html
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3.21.159.216 Thu, 14 Nov 2024 18:09:05 +0000