Property makes up nearly half (47%) of the wealth in estates paying inheritance tax (IHT) in London.
A freedom of information (FOI) request from retirement specialist Just Group to HM Revenue and Customs has found that property makes up nearly half (47%) of the wealth in estates paying IHT in London, with most regions being around a third and above. Source: FOI request from Just Group to HMRC for the Asset Breakdown by Region for Taxpaying Estates in 2022-23 – latest available data In 2022-23, property accounted for 47% of the wealth in estates paying IHT in London, with the average property value exceeding £862,000. The average estate value in the capital was more than £1.6m. Th...
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