IHT bills up 57%

Typical IHT bill up 57% Figures from HMRC show that the average inheritance tax bill has climbed 57% in five years, hitting £180,000 and delivering the taxman a record IHT take of £5.4bn in the year to April. Meanwhile, James Bartholomew in the Sunday Telegraph muses on IHT, saying that some argue that it is unfair, with the levy taking “a big chunk” of money that people have earned and has been taxed already.