CG30570 - Death and Personal Representatives: Personal representatives and their liabilities: Personal representatives: incidental expenses: England: Wales: N Ireland
The 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
The following amounts may be allowed as the personal representatives鈥� allowable expenditure for the cost of establishing title.
Date of death after 5 April 2004
| Gross value of estate | Allowable expenditure |
|---|---|
| Up to 拢50,000 | 1.8 per cent of the probate value of the assets sold by the personal representatives |
| Between 拢50,001 and 拢90,000 | Fixed amount of 拢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 拢90,001 and 拢400,000 | 1 per cent of the Probate value of the assets sold |
| Between 拢400,001 and 拢500,000 | A fixed amount of 拢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 拢500,001 and 拢1,000,000 | 0.8 per cent of probate value of the assets sold |
| Between 拢1.000,001 and 拢5,000,000 | A fixed amount of 拢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 拢5,000,000 | 0.16 per cent of probate value of the assets sold, subject to a maximum of 拢10,000. |
Computations should be accepted if based either on the scale or, where it can be proved, actual expenditure incurred.
Commission on disposals
The 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 拢5 per transaction, may be negotiated.