Saturday, August 5, 2006
Huge increase in estates paying inheritance tax
The number of estates paying inheritance tax rose by 72% over the five years to 2003/04, new figures have revealed. According to the Halifax, some 30,451 estates in the UK were liable to pay tax, with a further 22% rise to 37,000 expected by 2006/07. The increase follows a 179% boom in property prices since 1996.