Tag: probate

Government announces hike in probate fees

The government has announced a hike in probate fees. The Draft Order for the new fees, which has been laid before the Parliament, is set to take probate fees up from a standard fee of £155 (for solicitor applications) and £215 (for personal applications) to a minimum fee of...

HMRC changes IHT form for gifts made 7 years before death

HMRC has released a new version of IHT403. The form is a supplementary form to the main inheritance tax account, IHT400. It has to be submitted whenever a deceased person made a gift (money, land or other assets of value) in the 7 years before they died unless the...

Guidance For Avoiding Delays to Processing Your IHT400

If you want to be sure that HMRC will stick to the timescales it has given on processing IHT400 accounts, then you should make sure you follow the guidance below. You need to make sure that when you submit Form IHT400 that you give all the information that HMRC...

Changes To HMRC Process For Inheritance Tax Clearance

In their latest newsletter, Her Majesty’s Revenue and Customs (HMRC) has announced that they will no longer issue their standard clearance letter when they have finished their checks. Instead, if you want to apply for clearance, they say you should use Form IHT30 to do so. Their detailed guidance...

HMRC Timetable for Processing IHT400

In its latest guidance, Her Majesty’s Revenue and Customs (HMRC) has issued new guidance for the timetable to processing IHT400 (inheritance tax account) forms. Use the timetable to find out when to expect to hear about your form IHT400. Download the timetable here....

Co-habitant Cut Out of Will Gets Share of Partner’s £1.5m Estate

As another family provision claim succeeds, the question we now have to ask ourselves is whether testamentary freedom still exists in the UK? Can you still choose who to provide for and more importantly, and to the point, who not to provide for in your Will? Has the Inheritance...

Court Orders DNA Paternity Test in a Probate Dispute

Many probate cases come to court where there are questions over the paternity of a beneficiary. That was the case in Nield-Moir v Freeman. The facts were that Colin Birtle died without a Will. He had been married to Veronica but they divorced in 1977. Veronica had two children,...

New ISA Rules for Deceased Estates

Executors need to be aware of new rules relating to Individual Savings Accounts (ISAs). The rules were published in November 2017, but they will come into force on the 6th of April this year. As from that date any investments that are held in an ISA wrapper will not...