One in five average homes in the UK will breach the inheritance tax threshold
by 2020 if the IHT follows retail price inflation trends, Halifax building
society has said.
Following a survey of 482 towns across the country, the country’s largest
lender reiterated its call for the current ceiling of £285,000 to be raised to
The study showed that one in 10 of homeowners buying an averagely priced
house already face the levy, but while house prices have risen by 179 per cent
in the last ten years, inheritance tax has lagged behind only rising by 85 per
cent, the FT reported.
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC