Britons losing billions in IHT wastage

The research shows that the overall amount of unnecessary inheritance tax payments totaled £1.9bn last year. This has risen by 24% compared to 2007, an increase of nearly £370m. Unbiased says the lack of IHT planning leads to the biggest tax wastage in the UK and, despite the housing market in crisis, this trend looks set to continue with more properties now valued at more than the current IHT nil-rate threshold of £312,000. The research is part of its annual campaign, TaxAction, which aims to encourage people to think sensibly about how to avoid wasting money through paying unnecessa...