Despite Chancellor George Osborne’s Autumn Statement pledge to raise the inheritance tax (IHT) threshold by 1% – to £329,000 for individuals and £658,000 for couples – in 2015/2016. It is now being reported that the government will freeze the IHT threshold – at £325,000 for individuals and £650,000 for couples – until 2019.
The extended freeze is expected to part-fund the government’s plans for a cap on elderly care fees.
© Pavilion Row 2022. Pavilion Row is authorised and regulated by The Council for Licensed Conveyancers. It is registered under number 3354 under the provisions of the Legal Services Act 2007. Pavilion Row Limited is registered in England and Wales, Company No. 7211297 Registered Address, Renishaw Business Park, 40 Ravenshorn Way, Renishaw, Sheffield, S21 3WY. All Advisers are STEP qualified. Click to read our website Terms of Use. Click here for Complaints Procedure.
