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Thread: Probate fees

  1. #1

    TripleIronDad

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    Default Probate fees

    Probate fees: Planned increase scrapped ahead of election - BBC News

    I still don't understand why they are not 100%....
    What is the difference between ignorance and indifference? Don't know and don't care.

  2. #2

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    seems ridiculous to me, you have to pay it before you have any money from the estate so many will have to borrow to fund it.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

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  3. #3

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    Quote Originally Posted by vetran View Post
    seems ridiculous to me, you have to pay it before you have any money from the estate so many will have to borrow to fund it.
    I have to my taxes each quarter here in Germany before I've earned the money from my clients. Go figure!

    Perhaps explains why so many Germans have savings.
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    Quote Originally Posted by scooterscot View Post
    I have to my taxes each quarter here in Germany before I've earned the money from my clients. Go figure!

    Perhaps explains why so many Germans have savings.
    they don't do cash accounting? how silly.

    I assume you are a contractor.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  5. #5

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    Quote Originally Posted by vetran View Post
    they don't do cash accounting? how silly.

    I assume you are a contractor.
    That is the cash accounting system. You pay tax based on the previous year's income not the present.
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    Quote Originally Posted by scooterscot View Post
    That is the cash accounting system. You pay tax based on the previous year's income not the present.
    so you are paying last years taxes? Or is 'on account' can you not adjust it if its significantly different like the UK?
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  7. #7

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    No. I pay tax for this year forecasted earnings based on last year's income, even if I have not yet earned it.

    You can write a letter to the tax office and moan and they may request different pre-payments from you. However my income fluctuates. In my opinion it's better to be repaid with interest from the state rather than be requested additional tax bill you were not expecting.

    The 3rd year in Germany was the worst. Re-calculation for the first year. 2nd year large tax bill since no forecast was available. Pre-payments for the current third year. Imagine having €115k tax bill would yah?
    London : 'we're holding a referendum to leave the Eureopean union
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    Scotland: 'we're holding a referendum to leave the UK union'
    London: ' Oh no you're not'.

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    Quote Originally Posted by scooterscot View Post
    Imagine having 115k tax bill would yah?
    I wish...

  9. #9

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    Quote Originally Posted by AtW View Post
    I wish...
    No really you don't.
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    AtW
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    Quote Originally Posted by scooterscot View Post
    No really you don't.
    No but I do

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