INHERITANCE TAX – One in ten estates will be paying IHT by 2018

INHERITANCE TAX – One in ten estates will be paying IHT by 2018

The proportion of estates liable for inheritance tax (IHT) will quadruple from just 2.6 per cent in the 2009-10 tax year to 10 per cent in 2018-19, according to research by the Institute for Fiscal Studies. IHT liabilities will then take a bigger share of the national income than at any time in the past 45 years – unless the tax is reformed.