Raising The £3000 Annual Inheritance Tax Gift Allowance
Raising the current Inheritance tax threshold would certainly make a difference to family life in Britain, particularly at times when families are grieving the death of a loved one, the intrusion of the taxman is least welcome.
UK Inheritance Tax Is The Second Highest In The Developed World
The UK now has the second highest Inheritance tax (IHT) threshold in the world after Ireland compared to other major world economies. HMRC will take on average takes more than a quarter of the estate of someone worth more than £1.8m, compared with a global average of under 8 per cent.