Tories IHT plan aimed at 'grabbing headlines' - Skandia

While the provider does agree IHT has not risen enough in line with asset value increases, it doubts whether the Tories can realistically raise enough funds with the £25,000 per year ‘non-domicile' UK residents charge. Skandia says it questions if there are enough people in this position to offset the majority of the current IHT tax take. “There are many non-domicile people resident in the UK who will be making modest sums of money abroad but are unable to afford a tax charge of £25,000 each year and many of the richer business people who fall into this category will be quick to find a ...