Homes in 10% of English towns cross IHT threshold

The lender says the number of homes which have a value above the IHT threshold is two and a half time more than five years ago - now reaching 48 of English towns - when only 4% of English towns had an average house price above the then threshold of £242,000. The overwhelming majority of towns - 46 out of a total of 48 - are in the south of England while the other two towns above the IHT threshold are Wilmslow in Cheshire and Ilkley in West Yorkshire. Moreover, Halifax estimates 1.4m English properties are now valued at more than the 2006/07 threshold of £285,000 and the mortgage lender pr...