IHT trap 'hits middle classes' as govt nets record £4.7bn
HMRC collected record £4.7bn last year
Government income from inheritance tax (IHT) reached a record £4.7bn during the last year, meaning more middle class estates were getting 'wrongly' caught by the net, according to a law firm.
IHT receipts saw a 17% increase in 2015, representing a 91% rise on 2009/10, the year when the threshold was last set. Law firm Wilsons said the rise meant middle class estates were increasingly affected...
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