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GN Law Media: Rise in IHT paid

HMRC has reported that the amount of money paid in inheritance tax rose by 15 per cent in 2013, with just under 18,000 families paying £3.05 billion, representing the largest sum recovered since 2008.

The current plans are to increase the nil rate band threshold from £325,000 to £500,000 per person. The changes are sceduled to take effect in 2017.

Andrew Guile, Solicitor/Director

Posted on Thursday, 1st January 1970