I was delighted to hear this news on R4 at the weekend; I couldn't see anything about it in this morning's Times, however. It was an outrageous proposal.
I wonder what measures they will introduce to increase the tax take to finance all the increased expenditure the govt. has promised. We will soon find out as there will be a budget on Nov. 6.
Got a credit card? use our Credit Card & Finance Calculators
Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site
The Probate Tax is back
-
- Lemon Quarter
- Posts: 4652
- Joined: November 8th, 2016, 5:01 pm
- Has thanked: 1195 times
- Been thanked: 902 times
-
- Lemon Half
- Posts: 7962
- Joined: November 4th, 2016, 6:11 pm
- Has thanked: 984 times
- Been thanked: 3643 times
Re: The Probate Tax is back
Bouleversee wrote:We will soon find out as there will be a budget on Nov. 6.
Care to take a bet on that?
Scott.
-
- Lemon Quarter
- Posts: 1589
- Joined: November 4th, 2016, 3:54 pm
- Has thanked: 33 times
- Been thanked: 477 times
Re: The Probate Tax is back
swill453 wrote:Bouleversee wrote:We will soon find out as there will be a budget on Nov. 6.
Care to take a bet on that?
Scott.
If it's a no deal Brexit then the budget will be delayed and on Nov' 6th there will just be an economic statement.
-
- Lemon Quarter
- Posts: 4652
- Joined: November 8th, 2016, 5:01 pm
- Has thanked: 1195 times
- Been thanked: 902 times
Re: The Probate Tax is back
I was going to add: "Or not, as the case may be" but you beat me to it. I wouldn't bet on anything connected with Brexit. I keep thinking I will wake up and find out it has all been a nasty dream but no such luck.
-
- Lemon Half
- Posts: 6139
- Joined: November 4th, 2016, 1:12 pm
- Has thanked: 1589 times
- Been thanked: 1801 times
Re: The Probate Tax is back
I've been asked by PM what the latest on this might be but it is not something I've followed closely recently.
This STEP blog dated 14 October 2019 suggests the idea of a large hike was dropped but I have no time to research further:
https://blog.step.org/2019/10/14/uk-government-drops-probate-fee-increase/
I'm aware The Non-Contentious Probate (Fees) Order 2018 is still in existence (when the maximum was to be £6,000) but it is marked Draft Legislation: This is a draft item of legislation and has not yet been made as a UK Statutory Instrument. Prior to that there was to have been a maximum fee of £20,000.
http://www.legislation.gov.uk/ukdsi/2018/9780111174319/schedule/1
The current fees (might be a different scale for Scotland or Northern Ireland) would appear to be:
The application fee is £215 if the value of the estate is £5,000 or over.
There’s no fee if the estate is under £5,000.
https://www.gov.uk/applying-for-probate/apply-for-probate
Can anyone comment on whether or not The Non-Contentious Probate (Fees) Order 2018 has been abandoned or whatever the technical term might be?
This STEP blog dated 14 October 2019 suggests the idea of a large hike was dropped but I have no time to research further:
https://blog.step.org/2019/10/14/uk-government-drops-probate-fee-increase/
I'm aware The Non-Contentious Probate (Fees) Order 2018 is still in existence (when the maximum was to be £6,000) but it is marked Draft Legislation: This is a draft item of legislation and has not yet been made as a UK Statutory Instrument. Prior to that there was to have been a maximum fee of £20,000.
http://www.legislation.gov.uk/ukdsi/2018/9780111174319/schedule/1
The current fees (might be a different scale for Scotland or Northern Ireland) would appear to be:
The application fee is £215 if the value of the estate is £5,000 or over.
There’s no fee if the estate is under £5,000.
https://www.gov.uk/applying-for-probate/apply-for-probate
Can anyone comment on whether or not The Non-Contentious Probate (Fees) Order 2018 has been abandoned or whatever the technical term might be?
Re: The Probate Tax is back
Tthe current draft order has lapsed. See the STEP blog dated 14 October 2019 commenting on the matter:
https://blog.step.org/tag/probate-fees/
The blog speculates whether at some point in the future a new or amended order could be reintroduced.
https://blog.step.org/tag/probate-fees/
The blog speculates whether at some point in the future a new or amended order could be reintroduced.
-
- Lemon Half
- Posts: 6139
- Joined: November 4th, 2016, 1:12 pm
- Has thanked: 1589 times
- Been thanked: 1801 times
Re: The Probate Tax is back
Thanks and welcome back but that’s the same STEP blog as in my post immediately preceding yours. Did you by any chance intend to post a different URL?
Re: The Probate Tax is back
PinkDalek
Apologies - I clearlydidn't read your post fully, as I hadn't spotted your earlier link was to the same STEP website page.
Apologies - I clearlydidn't read your post fully, as I hadn't spotted your earlier link was to the same STEP website page.
Who is online
Users browsing this forum: No registered users and 3 guests