Halifax calls for rise in IHT threshold

According to the fourth Halifax Savings Report, detached property owners are more likely to be liable for IHT, as figures reveal 29% of detached property sales in the UK are above the 2006/07 IHT threshold of £285,000, compared to just 13% five years ago when the threshold was at £234,000. Halifax calculates in London during 2005, 82% of detached property sales had a value above the IHT threshold, followed by 59% in the South East and 37% in the East of England. House sales above the IHT threshold accounted for at least 25% of detached property sales in 38 counties, including 20 in the ...