BusinessCompany NewsBudget 05: IHT threshold raised

Budget 05: IHT threshold raised

Inheritance tax raised higher than expected.

The Inheritance tax threshold will rise from £260,000 to £275,000 in 2006, £285,000 in 2007 and £300,000 in 2008, however, the chancellor added that 94% of the country are not affected by IHT.

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