1 in 5 homes will be above IHT threshold

1 in 5 homes will be above IHT threshold

Halifax calculates an imminent rise in number of homes hit by death duties if current trends increase

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
£430,000.

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.

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