Halifax calls for rise in IHT threshold

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Ahead of today's Budget, Halifax has joined in calling for the Government to index the Inheritance Tax (IHT) threshold to house prices.

According to the fourth Halifax Savings Report, detached property owners are more likely to be liable for IHT, as figures reveal 29% of detached property sales in the UK are above the 2006/07 IHT threshold of £285,000, compared to just 13% five years ago when the threshold was at £234,000. Halifax calculates in London during 2005, 82% of detached property sales had a value above the IHT threshold, followed by 59% in the South East and 37% in the East of England. House sales above the IHT threshold accounted for at least 25% of detached property sales in 38 counties, including 20 in the ...

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