Half of over-45s unaware their main property is subject to IHT

Three-quarters don’t know taxable threshold

Hannah Godfrey
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“IHT ignorance is rising at an alarming rate in the UK," - Canada Life's Neil Jones
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“IHT ignorance is rising at an alarming rate in the UK," - Canada Life's Neil Jones

The lack of awareness around inheritance tax (IHT) in the UK has increased in the last year, with half (50%) of over-45s admitting to be unaware their main property could be subject to IHT.

According to Canada Life's latest edition of its annual report on IHT, the proportion of those unaware their main property may be subject to IHT has risen sharply from on-in-three (36%) a year ago...

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