A growing number of clients could be caught by IHT as property values continue to grow, writes Justin Blower. Here he explains what advisers need to be aware of and how platforms can help
More and more people face being hit by an unexpected 40% inheritance tax (IHT) bill as many of us risk being pushed over the liability threshold for the first time due to property price rises.The average price of a property in the UK is now £209,054, according to the latest figures released by the Office for National Statistics. Some steps have been taken to address this growing issue, with UK Chancellor George Osborne introducing a ‘family home allowance' worth £175,000 per person by 2020, effectively pushing the nil-rate band from its current level of £325,000 to £500,000 per person or...
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