Inheritance tax

The IHT threshold was increased to £285,000 in the latest Budget.  Further small increases have been announced for the next few years, taking the threshold to £325,000 in 2009/10.  IHT is paid at 40% on amounts above the threshold.
 
We call on the government to raise the IHT threshold to £430,000 to account for the increase in property prices over the past ten years.


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