Inheritance tax – could the rising value of houses push more ordinary people into the inheritance tax bracket?
The last thing you want to think about when you’re mourning the passing of a loved one is divvying up the estate (including the taxman’s cut). However, because of the rise in value of property in the UK, more people are finding that they fall into the inheritance tax bracket, and are getting hit with an inheritance tax bill they were not expecting. What is inheritance tax? It’s exactly what it says – a tax on the estate (including property, possessions and any money) of a deceased person. Thresholds are…