IHT
Nearly 50% of Brits haven’t spoken to advisers about inheritance tax
With 60% not knowing how much money they could leave their loved ones before IHT is incurred
28% of HNW Brits have no measures in place to address IHT
Many more people will be impacted by inheritance tax in the future
‘Home loan’ IHT avoidance scheme escapes double tax charge
But scheme did fail to save any inheritance tax
17% rise in number of families paying IHT
Average inheritance tax bill fell 1% to £214,000 in 2020/21 financial year
Inheritance tax receipts reached £2bn between April and June
A £200m increase from last year