Government Coffers Boosted By Inheritance Tax 12/03/2005

The recent boom in property prices has meant that more people are becoming liable to pay inheritance tax (IHT).

Rising house prices means more middle income people are becoming liable to pay IHT with the government currently raking in £3.3bn as opposed to £1.6bn in 1997.

According to the Halifax, the number of homes sold for more than the IHT threshold has risen from 3% in 1994 to 14% in 2004 with homes in the South East of England the worst affected.