70% unaware of need to reduce IHT

A survey of 2,233 people by Alliance & Leicester Savings and Investments reveals 61% of workers with estates exceeding the new IHT threshold have not looked into ways of reducing the tax charge despite wanting to pass on their assets to beneficiaries. Over the last five years, Alliance & Leicester says sharply rising property prices have almost tripled the number of homes which are now worth more than the IHT threshold of £286,000. But although 90% of those exceeding this limit want to pass on their estates, and 69% want to minimise IHT, only 39% have actually sought advice on the mat...