Inheritance Tax Hits New Heights
In the 2017/18 tax year some £5.2 billion was paid in inheritance tax (IHT). That’s £400 million more than in 2016/17 and the highest IHT ‘take’ on record. On one level, this isn’t a surprise, the ‘nil rate band’ – the amount of an estate which is not subject to IHT – has been frozen at its […]