Simply Wills: Inheritance Tax receipts rise

Inheritance Tax receipts rise

HMRC has announced that IHT receipts rose by 7% last year to £2.91 billion.  Allowances remain frozen at £325,000, after which tax is payable at 40%, until 2015/16 when they will rise to £329,000.  A mere 1.2% rise in 4 years.

Call us today on 01908 866541  or send us an email to learn how to reduce your liability.

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