The prorogation of Parliament has put on hold the planned legislation for a substantial increase in probate fees.
The proposed increase
The increase proposed has the effect of removing the current fixed fee of £215 for a personal application and £155 for an application by a solicitor, and instead imposing a stratified fee dependent on the assessed value of an estate:
- £250 for estates valued between £50,000 and £300,000
- £750 for estates valued between £300,000 to £500,000
- £2,500 for estates values between £500,000 and £1 million
- £4,000 for estates valued between £1 million and £1.6 million
- £5,000 for estates valued between £1.6 million and £2 million
- £6,000 for estates valued at £2 million or more.
The delay
The prorogation has brought to an end the current parliamentary session, also stopping the vote on the fee increase (the Draft Non-Contentious Probate (fees) Order 2018). If the Supreme Court upholds the Prime Minister’s decision to prorogue Parliament, the draft Order will have to be re-tabled in the next parliamentary session.
"Sinclair Gibson understands its clients' unique requirements and circumstances and is able to tailor its advice. This is mainly due to the team's knowledge of the wider legal and tax system."
Chambers HNW 2024