The Government has U-turned on its controversial probate fee legislation, which industry commentators had labelled a 'stealth tax'.
The Ministry of Justice (MoJ) U-turned on the proposed legislation on Thursday, saying there was not enough time for it to go through Parliament before the General Election on 8 June. Put forward by Justice Secretary Liz Truss, the proposal looked to replace the current £215 flat fee with a tiered probate fee structure based on the value of a person's estate, effectively increasing costs for higher value estates to anything up to £20,000. The legislation was first presented to Parliament in...
Holloway Friendly joins
Ruth Gilbert reports
Following Bailey's BoE role
'A tremendous opportunity for advisers'