Recent analysis by Prudential has revealed that the total amount of inheritance tax paid in the 2012-13 tax year (the latest publicly available data) reached £3.05 billion, which is an increase of 15% on the £2.65 billion total paid in the previous tax year.
Raeside Chisholm Solicitors Blog
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2899 Hits
In a move that has caused widespread consternation, and which could potentially affect 65,000 UK holiday home owners, a High Court judge sitting on the Upper Tier Tribunal has ruled that a holiday let is subject to inheritance tax (IHT) on its value.
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2422 Hits