Over 5m homes fall into IHT trap

The provider says a further five million are liable for IHT when total household wealth is taken into account, giving a total of four in 10 (41%) or 10 million households with an estate liable for a 40% tax bill on their death – up from a third (34%) on last year. The Scottish Widows IHT index claims the average household wealth liable for IHT now stands at about £261,000, just over 8% under the current IHT threshold. The current IHT threshold was raised by 3.6% in April this year, in comparison to house prices, which have risen by 6.3%. But the research says despite the increase in hous...