15.10.2015
Inheritance tax take up!
So estates in London and the South-East are likely to see a further increase in inheritance tax in the next couple of years, with house prices set to rise by 5% a year and the nil rate band frozen till 2020. But the introduction of the residence nil rate band will help some from 2017, as long as they find a way to negotiate through the incredibly complex legislation.
Estates liable for inheritance tax paid an average of £170,000 in 2012-13, up 3pc from £165,000 the previous year. The increase is broadly in line with UK house prices, which rose by 2.6pc in the 12 months to April 2013. ”