Eight million now liable for IHT - Scottish Widows

The results of a survey of Britain’s wealth, conducted by YouGov and based on data from the Centre for Economics and Business Research, reveals the average household wealth after debt stands at around £258,000, just 6% under the current IHT threshold. But 43% of those whose homes are valued above the threshold say they have no idea what the IHT figure is, and when told what it was 6.7m thought the level was unfair. At the moment, according to Scottish Widows, IHT is paid by just 6% of estates, but the rapid rise in house prices has pushed million more homeowners above the threshold with...