UK IHT relaxation 'unlikely' for baby boomers

The comment comes after the French Government raised its IHT threshold from €50,000 to €150,000 per parent for each child. The changes mean up to 95% of the French population will not have to pay IHT upon their parents’ deaths. However, Wilcox believes the UK Government is unlikely to follow France's lead. “Chancellor Alastair Darling, like his predecessor Gordon Brown, will be loathe to extend any tax breaks to baby boomers – the first truly well off generation for the most part property wealthy individuals," he says. “The fact is that the revenue from IHT is central to the Government...