'Hot properties' could increase IHT bill, HSBC says

People living in 'hotspots areas' could be facing a massive inheritance tax bill of £50,000 or more, HSBC says. As house prices have been booming in the past couple of years, hundreds of thousands of people could now be liable to pay inheritance tax just because of the value of their property. High property values in many parts of England and Wales are driving many people over the £255,000 IHT threshold, HSBC says. Many people are not aware that the value of any property is included when estimating the value of an estate for IHT purposes. Even though anything l...