fbpx

New ‘Stealth Death Tax’ On It’s Way

Facebook
Twitter
LinkedIn
Email

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

 

 

Jasmine Lambert Chartered Financial Planner
Jasmine Lambert

Jasmine is the Managing Director and a Chartered Senior Financial Planner at Redwood Financial. She helps clients manage and grow their wealth and protect their estate. Jasmine also provides expert advice in our FREE Redwood Webinars, where you can learn more about Wills, Trusts and Estate Planning.

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.
FREE Public Webinars
Join one of our FREE Public Webinars on Wills, Trusts & Estate Planning.
Request a call back
This website uses cookies to ensure you get the best experience on our website. See Cookie Policy for info.