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Probate Fees

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    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...

    #2
    Just reading that. B***S!
    bloggoth

    If everything isn't black and white, I say, 'Why the hell not?'
    John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)

    Comment


      #3
      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!
      Work in the public sector? Read the IR35 FAQ here

      Comment


        #4
        Originally posted by Lockhouse View Post
        Just noticed the massive rise in probate fees. Inheritance tax increase anyone?

        Here.
        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...

        Comment


          #5
          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...

          Comment


            #6
            Blue power! How lovely.
            "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

            Comment


              #7
              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.
              …Maybe we ain’t that young anymore

              Comment


                #8
                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.
                Originally posted by MaryPoppins
                I'd still not breastfeed a nazi
                Originally posted by vetran
                Urine is quite nourishing

                Comment


                  #9
                  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...

                  Comment


                    #10
                    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...

                    Comment

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