IHT bills on the rise

Posted on 19 Jul 2013
Share Blog Post

 Average IHT bill rises by £5,000

The average IHT bill rose almost £5,000 in a year to £170,000, according to analysis of HMRC data. IHT was paid on 6% of the 280,000 estates HMRC reviewed in the 2012-2013 tax year with London and the South-east accounting for half of all payments in the year. Average bills for Londoners were £236,000 – 38% more than the national average of £170,000. Britons hand-over £3bn a year to the government in IHT. Les Cameron, a tax specialist at Prudential, which conducted the analysis, said: "As the total amount of inheritance tax paid increases, so does the value of careful tax planning for anyone looking to cascade as much of their wealth to their families as possible."

Source:   The Daily Telegraph (14/10/2015)

View more blog posts

Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Lending gap stifles UK SME's
Posted on 30 Apr 2025
Lending gap stifles UK SME's
read more
Costly tax compliance
Posted on 23 Apr 2025
Costly tax compliance
read more
SME owners flee UK in droves
Posted on 16 Apr 2025
SME owners flee UK in droves
read more
Back To Top
01604 660661