The evolution of IHT

Gone are the days of inheritance tax (IHT) being the exclusive bane of the most affluent. As house prices remain high, IHT planning has become a very real issue for many, not least the intermediaries who are trying to keep up to speed with this continuously evolving issue. We've witnessed yet more change with the Chancellor announcing a potential doubling of the nil rate band for some married couples and civil partners in his Pre-Budget Report in October. The Finance Bill 2008 will introduce legislation to allow a claim to be made to transfer any unused nil rate band on a person's death t...