Inheritance Tax exceeds £5 Billion for the First Time

HM Revenue & Customs recently released data which showed Inheritance Tax (IHT) raised a record £5.2 billion in the financial year 2017-18, up 8% from the previous tax year. It is thought that the increase is due to the fact … More

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August 2015 – “It’s not fair and we will act” – The new Inheritance Tax allowance for residential property

One of the things in George Osborne’s Summer Budget speech which attracted a lot of attention was the announcement of the phasing in of a new Inheritance Tax (“IHT”) allowance of £175,000 (to be added on to an individual’s existing … More

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