IHT planning: Why individual trusts work for couples

It is said that Gordon Brown ditched his plan to call a General Election in the autumn of 2007 after the then opposition leader, David Cameron, spoke of his party's intention to raise the inheritance tax (IHT) threshold to £1m when the Conservatives assumed power. IHT was a hugely unpopular tax at the time with petitions being foisted on Downing Street and repeated calls for an overhaul of the system being made. Fast forward through the financial crisis to today, with a recovering economy, escalating house prices and the IHT threshold frozen for the last five years, disgruntlement at ...