Tory 'pledge' to raise IHT limit to £2m slammed

Reports claim the Conservatives will double their original proposal of £1m for the threshold for married couples, who would be allowed a £1m allowance per person, transferable to the surviving partner after their death. But adviser Alex Pegley, of Calculis, says IHT remains a “nice little earner” for any Government and recalls previous tax ‘pledges’. “For my business model it [raising the IHT threshold to £2m] would be terrible! No, it would be great if it happened but I can’t see them doing it. “It’s easy to make these statements when you’re not in power. I remember John Major when he w...