Death tax by stealth to rake in £1.5billion

Hammond is urged to ditch ‘stealth’ death tax that will rake in £1.5billion from bereaved families as Tories condemn it as a hangover from ‘sneaky’ George Osborne

  • Currently, families pay Government £215 or £155 if they apply via solicitor, to get permission for probate

  • Fees are set to rocket in May with new levels ranging from £300 to £20,000

  • Hike will hit middle-class families passing on estates worth as little as £50,000

Philip Hammond is being urged to ditch a ‘sneaky’ hike to probate fees that will hand the Treasury a £1.5billion windfall.
The policy – which will see charges soar from just £155 to up to £20,000 depending on the size of the estate – was confirmed in the Budget this week.

Read the full article. 

Posted in Exeter Accounting News

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