H P I Windfall For Gordon Brown's Coffers

[Realistbear]

http://news.bbc.co.uk/1/hi/business/4675574.stm

One in three UK homeowners will now be subject to a 40% inheritance tax, research suggests.

The survey by Scottish Widows bank claims 8.2m people - 34% of homeowners - have assets worth more than the £275,000 threshold for the tax.

The survey of over 2,000 homeowners found most were unaware of the limit and 73% of those liable for the tax had done nothing to lessen the bill.

The government is expected to earn £3.4bn in inheritance tax this year.

Gordon must be rubbing his hands together and muttering "lovely jubbly" with a Scottish accent!

[SarahBell]

Shame we're living longer...

Oh hang on they're bringing in euthanasia aren't they?

[erd]

http://news.bbc.co.uk/1/hi/business/4675574.stm

One in three UK homeowners will now be subject to a 40% inheritance tax, research suggests.

The survey by Scottish Widows bank claims 8.2m people - 34% of homeowners - have assets worth more than the £275,000 threshold for the tax.

The survey of over 2,000 homeowners found most were unaware of the limit and 73% of those liable for the tax had done nothing to lessen the bill.

The government is expected to earn £3.4bn in inheritance tax this year.

Gordon must be rubbing his hands together and muttering "lovely jubbly" with a Scottish accent!

Bear in mind that the tax is 40% of everything over £275K, so if your house is 'worth' £250K and you have £50K of other wealth then your bill is only 10K.

They usually add to end of these articles: 'Call us now to see how we can lower your liability!'