Archive for April, 2017


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PROBATE REGISTRY FEE INCREASE SCRAPPED


By Victoria Sampson
| 24 April 2017

On 10 April 2017 we reported the Government announcement that the fee for obtaining a Grant of Probate (or alternatively, if there is no Will, a Grant of Letters of Administration) was set to increase. The new fee was due to be calculated with reference to the value of the net estate of the deceased (assets minus date of death liabilities) and, crucially, before any exemptions for inheritance tax

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LOOMING PROBATE FEES INCREASE IMPOSED BY THE GOVERNMENT


By News
| 10 April 2017

Recently, the Government announced that the fee for obtaining a Grant of Probate (or alternatively, if there is no Will, a Grant of Letters of Administration) is set to increase. Currently, the fee payable to the Probate Registry is £155 when the application is made by a solicitor, or £215 when made by anyone else. The new fee will be calculated with reference to the value of the net estate o

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RESIDENCE NIL RATE BAND – A NEW IHT ALLOWANCE


By News
| 10 April 2017

A new Inheritance Tax free allowance called the Residence Nil Rate Band (RNRB) has now come into force and applies to deaths on or after 6th April 2017.  The RNRB will apply when a residence passes to the deceased’s direct descendants or where there are additional funds within an estate following a decision by the deceased to downsize. The RNRB is available in addition to the standard Nil Ra

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