IHT risk to homes set to triple by 2020

Marking the start of the new financial year, Halifax claims around 8% of owner occupied homes are above the current IHT threshold, but suggests this will almost triple to 4.2 million properties by 2020 if the threshold continues to increase only in line with retail price inflation. Halifax claims if these projections are correct, the revenue collected by the Exchequer from IHT could rise to £5.5bn a year by 2020, which is a 244% increase from the £1.6bn it received in 1996/97, when the IHT threshold was last raised significantly. The research also calculates if the IHT threshold had ris...