Osborne to raise inheritance tax threshold to £1m

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The Chancellor George Osborne is set to confirm an increase in the inheritance tax (IHT) threshold to £1m per couple in this week's Budget.

He is expected to tell MPs on 8 July the threshold at which the tax is levied will rise for couples from £650,000 after April 2017. Currently, IHT applies at 40% on estates above a tax-free allo...

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