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Theresa May’s decision to go for a snap election has prompted the Government to drop controversial proposals to raise probate fees.

And landowners across the West will be drawing a sigh of relief at the decision – which could have slapped a £20,000 fee on estates valued at more than £2 million.

Matthew Peters from Bruton Knowles’ Gloucester office said the rules – which had been due to come into effect in May – would have resulted in some people’s bills rise by more than 9,000 per cent.

He said: “The Ministry of Justice have explained it would take too long to get the proposals through Parliament in time given he imminent General Election.

Branded a “stealth death tax” the proposals would have raised a whopping £300million a year – earmarked for the courts and tribunal service.

“But the big landowners are not quite out of the woods yet – the new
Government could still resurrect the proposed rise some time in the future.”

But he repeated his advice that those who don’t already have an up-to-date will should ensure they get one to ensure estates are settled with the minimum of fuss.

For help with all your property matters call Matthew Peters on 01452 880000 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

 

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