Unbiased.co.uk’s annual Tax Action Report reveals that UK taxpayers will waste nearly £1.3 billion this year due to poor inheritance tax (IHT) planning.
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Stroud & Swindon, the UK’s 14th largest Building Society, today revealed which of the UK’s taxes consumers hate the most and what they would like them replaced with.
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Halifax has calculated that there are 62 postcode districts in England and Wales (2% of the total) where home sales above the combined inheritance tax threshold (IHT) of £600,000 accounted for at least 25% of all property sales over the past year.
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Halifax has welcomed the move by the Chancellor in the Pre-Budget Report to effectively double the inheritance tax (IHT) threshold to £600,000 for couples and widows through the announcement of a transferable inheritance tax allowance.
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