May 09, 2017
Inheritance tax (IHT) has traditionally been seen as a tax only for the very wealthy. However, with a threshold of £325,000 (£650,000 for married couples and civil partners) that will remain frozen until 2021, and the price of houses still relatively high, more and more people could find themselves caught in the net. This could lead to many people having to sell long- held family heirlooms or investment assets to meet tax bills that a little bit of planning could help avoid.