A total fixed fee of £650 plus £130 VAT @20%, a total of £780. This includes: obtaining the grant in an estate where the inheritance tax report is filed in form IHT 205 (2011).
A total fixed fee of £1,500 plus £300 VAT @ 20%, a total of £1,800. This includes: obtaining the grant in an estate where the inheritance tax report is filed in form IHT 400.
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
For the vast majority of cases, however, applications are complex, and it is not possible to proceed by way of fixed fee. We anticipate applying for the grant, collecting, and distributing the assets will take between 15 and 20 hours work at £177 per hour plus VAT @ 20% (£35.40 per hour VAT). Total costs estimated at £2,550-£3,400 plus VAT @ 20% (between £510 and £680 VAT). Together with a value element of 1% of the gross estate plus VAT @ 20%.
The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end. In our experience the average total charge to include both capital element and time element is around 1.5%-2% of the gross estate plus VAT @ 20%.
We will handle the full process for you and the process is for estates where:
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
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