Summary
A tax time-bomb awaits relatives of homeowners who die without making a will and who have not grasped the growing threat of inheritance tax, an expert has warned.
Soaring house prices have led to a big increase in the number of people dying and leaving assets worth more than pounds 263,000 - the inheritance tax threshold over which tax is payable at 40 per cent.See the full content of this document
Extract
Tax Timebomb Ticking Away
This, coupled with a possible rise in inheritance tax rates to help meet a short fall in Treasury funds, means that many people are u...
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