CG30570 - Death and Personal Representatives: Personal representatives and their liabilities: Personal representatives: incidental expenses: England: Wales: N Ireland
»Ê¹ÚÌåÓýapp expenses detailed below are admissible deductions for cases dealt with under the practice applying for England, Wales and Northern Ireland, see CG30550.
Cost of establishing title
»Ê¹ÚÌåÓýapp following amounts may be allowed as the personal representativesâ€� allowable expenditure for the cost of establishing title.
Date of death after 5 April 2004
| Gross value of estate | Allowable expenditure |
|---|---|
| Up to £50,000 | 1.8 per cent of the probate value of the assets sold by the personal representatives |
| Between £50,001 and £90,000 | Fixed amount of £900 to be divided between all the assets in the Estate in proportion to their probate values and allowed in those proportions on assets sold by the personal representatives |
| Between £90,001 and £400,000 | 1 per cent of the Probate value of the assets sold |
| Between £400,001 and £500,000 | A fixed amount of £4,000 to be divided between all the assets in the Estate in proportion to their probate values and allowed in those proportions on assets sold by the personal representatives |
| Between £500,001 and £1,000,000 | 0.8 per cent of probate value of the assets sold |
| Between £1.000,001 and £5,000,000 | A fixed amount of £8,000 to be divided between all the assets in the Estate in proportion to their probate values and allowed in those proportions on assets sold by the personal representatives |
| Over £5,000,000 | 0.16 per cent of probate value of the assets sold, subject to a maximum of £10,000. |
Computations should be accepted if based either on the scale or, where it can be proved, actual expenditure incurred.
Commission on disposals
»Ê¹ÚÌåÓýapp actual fee charged for realising assets should be allowed under TCGA92/S38 (1)(c). Where quoted securities are involved a flat rate deduction, which should not exceed £5 per transaction, may be negotiated.