Reducing IHT liability

In the past 10 years, inheritance tax (IHT) has become much more of a mainstream issue. It is now not just a tax for people with large amounts of cash, but for homeowners whose property has become worth more than the Government's £275,000 IHT threshold. Figures from the Office of the Deputy Prime Minister (OPDM) show the average house price is now £185,788, while mix-adjusted house prices across the UK are £194,569 in England, £148,471 in Wales, £127,650 in Scotland and £137,112 in Northern Ireland. In London the average house price currently stands at £268,517. It is these factors that ...