Inheritance tax
The IHT threshold was increased to £285,000 in the latest Budget. Further small increases have been announced for the next few years, taking the threshold to £325,000 in 2009/10. IHT is paid at 40% on amounts above the threshold.
We call on the government to raise the IHT threshold to £430,000 to account for the increase in property prices over the past ten years.
| Document | Type | Size |
|---|---|---|
| 20.03.07 Inheritance tax and Stamp Duty - the key facts |
Word document | 215KB |
| 19.03.07 Nearly one third of detached properties valued above inheritance tax threshold |
Word document | 265KB |
| 24.02.07 Average house price in 236 postcode districts is above the Inheritance tax threshold |
Word document | 252KB |
