New death tax confirmed: probate fees of up to £20,000 will apply from May
The Government has ignored overwhelming opposition and pushed ahead the introduction of a dramatic rise in probate fees, taking effect from May 2017.
All estates worth more than £50,000 will be forced to pay increased fees. Those between £50,000 and £300,000 will pay £300; estates worth over £1m but less than £1.6m will pay £8,000; and those above £2m, £20,000 – a 9,000pc increase (see table, below).
Town & Country Law assist Clients to minimise these fees.