New Inheritance Tax Threshold
Posted on 15th April 2017
So with last weeks budget, and house prices still soaring especially in the south of the country, what does the new IHT threshold offer?
The Office of Budget Responsibility says that the government will rake in near on £2 Billion in extra revenue over the next 5 years from Death Taxes. David Cameron had preciously said back in 2015, that they would take the family home out of ant tax equations, as we as hard working families should be able to pass our home on to our children free of any Inheritance Tax.
So What has happened?