The government has announced plans to resurrect the new probate fee banding structure proposed in 2017.
Following a consultation there were plans to increase probate fees from May 2017 for estates valued at £50,000 and above, but these were dropped due to the general election. The government has now announced a less punitive version of the 2017 plans, with changes expected to take effect from April 2019.
According to the draft statutory instrument laid before parliament, under the new version of the plans the fees would be:
|
Value of estate |
Current fees £ |
Value of estate |
Originally proposed: fees from April 2019 £ |
|
Up to £5,000 |
- |
Up to £50,000 |
- |
|
Over £5,000, individual applicant |
215 |
£50,001 - £300,000 |
250 |
|
Over £5,000, solicitor applicant |
155 |
£300,001 - £500,000 |
750 |
|
£500,001 - £1,000,000 |
2,500 |
||
|
£1,000,000- £1,600,000 |
4,000 |
||
|
£1,600,001-£2,000,000 |
5,000 |
||
|
£2,000,001 + |
6,000 |
Links to our guides:
IHT: estate planning checklist
