Posts from May 2019

Inheritance tax (IHT), normally at 40%, affects estates worth more than £325,000. The value of your estate is made up of property, money and possessions, after any debts have been settled. 
A study by the financial services company, Canada Life, says Her Majesty’s Revenue and Customs (HMRC) collected £5.4billion of IHT in the financial that ended in April. 
This is an increase of £200million on the previous year and £600million more than in 2017. The study predicts that the amount collected is likely to rise to £10billion by 2030. 
Older hand writing the word tax
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