Probate Fees Probate Fees
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    Default Probate Fees

    Just noticed the massive rise in probate fees. Inheritance tax increase anyone?

    Here.
    ...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...

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    Just reading that. B***S!
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    Just read the excellent recent biography King John: Treachery, Tyranny and the Road to Magna Carta, by Marc Morris, and flip me I really don't think there's much he could teach this government about tax extortion!
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    Quote Originally Posted by Lockhouse View Post
    Just noticed the massive rise in probate fees. Inheritance tax increase anyone?

    Here.
    Quote Originally Posted by xoggoth View Post
    Just reading that. B***S!
    But really it is only taxing those with plenty of dollar...

    the best option is to enjoy the money you have earned and leave enough for the kids...

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    Quote Originally Posted by original PM View Post
    But really it is only taxing those with plenty of dollar...

    the best option is to enjoy the money you have earned and leave enough for the kids...
    I seem to remember probate is paid before the distribution (although I could be wrong on that, the solicitor who dealt with the estate was a bit crap, to say the least) so that's a pretty hefty lump to cough up in advance of settlement. £200 or so wasn't an issue, but it'd be £4k now (based on an estate of 500k-1m).
    His heart is in the right place - shame we can't say the same about his brain...

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    Remember, it's a "fee" not a tax.
    And National Insurance is a "contribution" not a tax.


    The Tories don't put up taxes, that's what Labour do, so if you think these are new taxes, blame Labour.
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    That's a bit surprising, ouch.

    It is worth noting that your 325k TAX allowance is transferable i.e. a married couple, one dies and leaves it all to their spouse (unlimited tax-free between spouses), then the spouse dies, they have £650k to give before IHT kicks in.

    Is it actually a staggered scale or a proper sliding scale? Because that table says at £500k it jumps from £1000 to £4000 which would be annoying if you're on the boundary.
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    Quote Originally Posted by d000hg View Post
    Is it actually a staggered scale or a proper sliding scale? Because that table says at £500k it jumps from £1000 to £4000 which would be annoying if you're on the boundary.
    I'd be more annoyed at being dead...

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    Quote Originally Posted by AtW View Post
    I'd be more annoyed at being dead...
    You're on your own there, I'm afraid...
    His heart is in the right place - shame we can't say the same about his brain...

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