Inheritance tax receipts rise by 7% to £3B

Inheritance tax receipts rise by 7% to £3B

Published on 17/12/2012

The number of individuals paying IHT increased to 20,000 in paying the tax last year compared with 17,000 the previous year.

Even when the nil rate band allowance goes up in April 2015, from £325K to £329K, it will still fall well short of inflation.

At 40%, IHT is one of the highest tax liabilities facing British individuals. For high net worth individuals, a large part of their estate will attract IHT without proper planning. People need to be proactive in managing their financial & tax affairs in order to ensure that they can pass on their wealth intact and protect their assets. Contact us now for an initial discussion.

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