Can non-professional executors reasonably claim interest for their expenses?

[OakenRoots]

Where executors have used their own money to pay for estate-related costs (solicitors fees, postage, probate fees, official documentation etc.), can they legitimately charge interest on those accrued expenses? It seems reasonable to me to claim for it as there is a financial loss to the executor if the value of their expenses isn't index-linked, but it isn't clear to me whether it is acceptable to do so.

If interest can be claimed by executors, what rate should be used and how should it be calculated? My assumption is to use the same approach HMRC uses for paying interest on repayments of IHT paid on account, at the 'interest on repayments' rate (https://www.gov.uk/government/public...m-october-1988).

[echat11]

Here's some info, hope it helps -

https://www.thegazette.co.uk/all-notices/content/104180

[OakenRoots]

Here's some info, hope it helps -

https://www.thegazette.co.uk/all-notices/content/104180

Hi, thanks for the reply.

I had previously read that article in my search for information about interest on out-of-pocket expenses, but it only mentions that non-professional executors are entitled to be reimbursed for "reasonable out-of-pocket expenses" (as do pretty much all similar articles and guidance I've found).

From my lay perspective, it seems reasonable to me that executors should be reimbursed the 'real' value of their out-of-pocket expenses, particularly when they extend over a long period (e.g. 12+ months).I understand there's no definition of these in the respective legislation, so it's not clear to me whether my view is sound in practice.

[echat11]

Maybe give them a call -

https://www.gov.uk/government/organi...eceased-estate