If you’re covering this issue please see the following comment from Gordon Andrews, tax and financial planning expert at Old Mutual Wealth:
"The u-turn on the increase to probate fees reveals concerns over the regulation’s unpopular nature. The label as a stealth tax has made it unpalatable to the government in the run up to the snap election.
“This is the second u-turn since the Spring Budget, following the Chancellor’s swift u-turn on NICs. This leaves an even larger gap in the exchequer, which will now have to be filled.
“The opposition could view this as another tax break on the wealthy, since the proposal on probate fees stepped up depending on the value of the estate on death.
“With the announcement of the snap election a question mark was hovering over probate fees and the Finance Bill. With all parties fighting for votes, all eyes will be on how the Government will deal with other controversial proposals.
“Regardless of what happens now, the current Conservative Government have drawn a line in the sand and have to some extent shown their hand – whilst these proposals have been shelved for now it will be interesting to see if the changes to probate fees are revisited after the election.