New 'Stealth Death Tax' On It's Way - Redwood Financial

New ‘Stealth Death Tax’ On It’s Way

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A proposal by the Government to increase probate application fees and move forward with a new banded structure from next April, appears to be moving forward without Parliamentary scrutiny.

This new fee structure would see the minimum probate application fee rise from £215 for individuals, or £155 if made through a solicitor, to £250. The maximum fee will be £6000. No fee will be payable for estates valued under £50,000.

The fiercely unpopular changes have been dubbed a “stealth death tax” and a de facto increase on top of existing inheritance levies (IHT). Experts have now warned that the probate fee structure will not be thoroughly debated in Parliament, as any other tax rule changes would.

Read the full news article at telegraph.co.uk

 

 

Steve Blofield
Steven Blofield
Steven is the Director and Senior Estate Planner at Redwood Financial. He helps clients manage and grow their wealth and protect their estate. You can read more about Steve in his personal biography.
Redwood Financial is one of the south’s leading Investments, Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning, Lasting Powers of Attorney, Probate, Pensions, Savings & Investments, we can advise on any situation.
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