Inheritance tax – how to save THOUSANDS on HMRC bill as average bill hits £266,000

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Inheritance tax – how to save THOUSANDS on HMRC bill as average bill hits £266,000

Thousands more Britons could be forced to pay inheritance tax this year as experts warn that it’s no longer a tax “just for the super wealthy”.Prop

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Thousands more Britons could be forced to pay inheritance tax this year as experts warn that it’s no longer a tax “just for the super wealthy”.

Property prices are continuing to rise despite the cost of living crisis, resulting in many now being worth more than £325,000 – the point at which IHT is charged.

If the trend continues, the average UK home could soar above the £325,000 IHT nil-rate band as early as 2023.

Rather than being a tax just for the super wealthy, this would mean most people’s estates would be subject to HMRC tax.

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