UK's wealthiest face IHT bills of more than £9m

Titan Wealth Planning used a Freedom of Information (FOI) request to obtain data on the country's largest estates and IHT bills. This comes pension savers and farmers face future increased charges because of changes announced in the Budget. According to figures for 2021-22, the top 40 largest IHT bills averaged £9.2m – meaning those at the top of the tree will likely have paid far greater. Titan's FOI request revealed that 889 families were stung with charges of more than £1m, including 67 estates where IHT exposure was greater than £4m. Standard IHT is currently charged at 40% for...