Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

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’ 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 18 per cent of the probate value of the assets sold by the personal respresentatives
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 £5,000,000 016 0.per cent of probate value of the assets sold, subject to a maximum of £10,000

 

Date of death after 5 April 1993
Gross value of estate Allowable expenditure
   
Up to £40,000 1.75 per cent of the probate value of the assets sold by the personal representatives
Between £40,001 and £70,000 Fixed amount of £700 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 £70,001 and £300,000 1 per cent of the Probate value of the assets sold
Between £300,001 and £400,000 A fixed amount of £3,000 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 £400,001 and £750,000 0.75 per cent of probate value of the assets sold

The scale does not extend to gross Estates exceeding £750,000 which should be dealt with on their merits following the principles in Scottish cases in which method 2 in CG30550 has been adopted.

 

Date of death after 5 April 1981 and before 6 April 1993
Gross value of estate Allowable expenditure
   
Up to £20,000 1.5% of the probate value of the assets sold by the personal representatives
Between £20,001 and £30,000 Fixed amount of £300 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 £30.001 and £15,000 1% of the Probate value of the assets sold
Between £150,001 and £200,000 A fixed amount of £1,500 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 £200,001 and £400,000 0.75 per cent of probate value of the assets sold

The scale does not extend to gross Estates exceeding £400,000 which should be dealt with on their merits following the principles in Scottish cases in which method 2 in CG30550 has been adopted.

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.