SolvedCG30570 | Death and Personal Representatives: Personal representatives and their liabilities: Personal representatives: incidental expenses: England: Wales: N Ireland
From HM Revenue & Customs · Capital Gains Manual
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’ 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
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 £5 per transaction, may be negotiated.