Probate fees to rise
Update: Last month we reported how the fees to obtain a Grant of Probate are set to rise significantly (see below) this month but that no date for the increase had been set.
1 April 2019 was what had been discussed as the date the higher fees would come into effect but the necessary legislation has not been passed yet. It is not known when the new fees will come in but Executors should not delay in making applications.
Value of Estate before Inheritance Tax (£)
New probate fees (£)
|Up to 50,000 are exempt (increase from 5,000)||0|
|50,000 to 300,000||250|
|300,000 to 500,000||750|
|500,000 to 1 million||2,500|
|1 million to 1.6 million||4,000|
|1.6 million to 2 million||5,000|
|Above 2 million||6,000|