Do you know how much the Chancellor of the Exchequer is expecting to pocket from Inheritance Tax (IHT) in this financial year? A cool £3.6 billion! And do you know how much he collected in his first year in office in 1997? A mere £1.7 billion.
Much as Gordon Brown keeps insisting that very few people will be liable for Inheritance Tax (IHT) on their estates when they die, there’s no doubt that the number is growing. It’s expected that 37,000 estates will be liable for IHT this year compared to 15,000 in 1997….
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