Yes. Stamp Duty is payable to the Government on an application for Probate or Letters of Administration calculated on the net value of the estate. Also, legal fees on applications for Probate or Letters of Administration is payable. Effective May 16, 2011 Stamp Duty is now applied as follows:
Estates whose net value is $10Million or less: $5,000.00
Estates whose net value is:
· above $10M and below $20M – $10,000.00
· above $20M and below $30M – $15,000.00
· above $30M and below $40M – $20,000.00
· above $40M – $25,000.00