Budget documents show that by 2022 the Government will earn £350m a year from probate fees, a £115m increase on current levels Small print in the Budget documents reveals how the Government will pocket hundreds of millions of pounds every year by scrapping the single flat fee.
The increase will hit those middle-class families passing on estates worth as little as £50,000 – effectively hitting them with a 40 per cent hike in fees.
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Budget documents show that by 2022 the Government will earn £350million a year from probate fees, a £115million increase on current levels.
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