What You Should Know about Death Duties in South Australia

In South Australia the Court fee for a Grant of Probate in Common Form is a flat $1,114.00, regardless of the value of the estate.

This will change from 1 January 2016, but only the very smallest estates will see any reduction in the Court fee. Everyone else will be paying more.

The new fee structure will be:

ESTATE VALUE FEE

Up to $200,000 $750.00

$200,000 – $500,000 $1,500.00

$500,000 – $1 million $2,000.00

Over $1 million $3,000.00

Don’t blame the Court or the lawyers – this fee is entirely a South Australian Government decision.

The Court does not keep this fee – it goes into general revenue for the State Government to spend on, well … whatever it wants.

So although the State Government does not call it a Death Duty, if it looks like a duck and quacks like a duck …

Fore-warned is fore-armed.

I have been warning about the return of Death Duties for years now, and I continue to do so. This is not the end of it. See Chapter 7 of my free special report Top 10 Estate Planning Predictions, where I predict that the Federal Government will also reintroduce some form of inheritance tax or death duty.

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