Increase in Probate Court fees - Government Response to Consultation
27 February 2017
Following a Government consultation which received 97.5% objections to proposals for an increase in Probate Court fees the Government has decided to proceed with its proposals anyway as follows:-
New Fee Structure
|Value of estate (before inheritance tax)||Proposed Fee|
|Up to £50,000 or exempt from requiring a grant of probate||£0|
|Exceeds £50,000 but does not exceed £300,000||£300|
|Exceeds £300,000 but does not exceed £500,000||£1,000|
|Exceeds £500,000 but does not exceed £1m||£4,000|
|Exceeds £1m but does not exceed £1.6m||£8,000|
|Exceeds £1.6m but does not exceed £2m||£12,000|
The new fee structure will apply from 1 May 2017.
We can now expect the following:-
- A rush on the probate registries for grants to be issued in April before the new fees come into force and consequently a backlog of work and delay issuing the grant.
- Increased pressure on the Revenue to issue IHT421s so that the probate applications can be submitted before the end of April (NB there is already a delay receiving IHT421s from HMRC).
- Difficulties raising the necessary funds to settle Probate Court fees especially for estates which are property rich and cash poor.