By Álvaro Aznar Azcárate, solicitor and Spanish Abogado, at Sykes Anderson Perry Limited Solicitors, Advocates and Chartered Tax Advisers in London, England
This information has been prepared by Sykes Anderson Perry Limited as a general guide only and does not constitute advice on any specific matter. We strongly recommend that you seek professional advice before taking action. No liability can be accepted by us for any action taken or not taken as a result of any information or advice given or omitted
Following a vote from the House of Commons Delegated Legislation Committee we are one step closer to the new probate fees becoming a reality. The Non-Contentious Probate (Fees) Order 2018 will be passed to the House of Commons for approval. The new probate fees will be charged according to the value of the estate and will also include a maximum fee of £6,000 for estates over two million. At present, there is a flat probate fee of £155 (£215 for those applying without a solicitor).
Once approved by the House of Commons it is expected that the new scheme will apply from April. However, there is no set date for the vote at the House of Commons.
Many professionals have raised their concerns with this new scheme branding it a “stealth tax”.
The only alternative to avoid the new fees from becoming a reality will be for the public to write to their local MPs. In the meantime, if you have recently suffered the loss of a loved one and you haven’t applied for the grant of representation our advice would be to act fast.
Álvaro Aznar Azcárate
Solicitor and Spanish Abogado
Sykes Anderson Perry Limited