Poor IHT planning 'leaves taxpayers £1.3bn worse off'

A study by adviser search site Unbiased.co.uk, based on HMRC data, found vast sums are being paid unnecessarily each year because the deceased made inadequate provisions. According to Unbiased research, it is Britain's second biggest 'tax wastage' area, and it warns the figure could increase as the IHT threshold will remain frozen for four years at £325,000, rather than rising in line with inflation. The organisation's annual Tax Action Report also shows IHT is among the taxes Britons most want to abolish. Karen Barrett, chief executive of Unbiased.co.uk, has urged people to consul...