Archive for August 21st, 2007

Originally devised as a tax on the super-rich, inheritance tax (IHT) is threatening more and more ordinary households in the UK. Indeed, over the last five years the estimated revenue from this tax has increased by 50% to annually yield 3billion into the HM Revenue & Customs coffers. It seems that in the future death will no longer be a valid reason to not pay tax for the majority of us. The chancellor will be pursuing 40% of your estate over the 300,000 threshold after your de (more…)