Quarter of house sales over £600,000 in 62 postcodes

The research was conducted following Chancellor Alistair Darling’s pre-budget report (PBR) earlier this month, which proposed allowing married people to pass their IHT allowance on to their spouse. This means married couples would benefit from a tax free allowance of £600,000. London has the highest number of postcode districts with property sales exceeding the threshold at 46, followed by 14 in the South East and one each in the South West and Yorkshire and the Humber. There are 22 postcode districts which have an average house price above £600,000. Seventeen of these are in London wit...