New Death Tax

For every part of your life and business,
talk to GSC
+44 (0)20 7822 2222 hello@gscsolicitors.com

New Death Tax

February 19th, 2016, Blog
New Death Tax

GSC’s James Cohen provides details on the legislation Government are proposing that will target beneficiaries of estates worth over £2 million.

“These beneficiaries will be faced with a probate fee of £20,000 in order to administer the estate. Executors currently pay a flat fee of just £155 if acting through a solicitor. This fee was only recently increased from just £45 in 2014. The consultation aims to tax the wealthiest families in the UK.

Further the proposal will increase the threshold for when a probate fee is required to be paid. Currently only estates valued less than £5,000 incur no probate fee. This is set to rise to £50,000.”

The Government are proposing new legislation that will target beneficiaries of estates worth over £2 million who will be faced with a probate fee of £20,000 in order to administer the estate.

https://www.linkedin.com/pulse/new-death-tax-james-cohen-tep?trk=hp-feed-article-title-publish

Have a question?

For every part of your life and business, talk to GSC

GSC Solicitors LLP
31-32 Ely Place, London EC1N 6TD
DX: 462 London/Chancery LN (View on map)

+44(0)20 7822 2222
hello@gscsolicitors.com