Raising IHT threshold could end up being a vote winner

They say nothing in life is certain except death and taxes but for those with assets above the inher...

They say nothing in life is certain except death and taxes but for those with assets above the inheritance tax threshold - £263,000 this tax year - this saying will be ringing true. The Government claimed £2.35bn last year from inheritance tax, up from £1.67bn in 1997-98, so it earns considerable sums from this source of income. These figures will also be larger this tax year. This is mainly down to the fact there has been an increase in property values and, as a consequence, an increase in the number of people likely to be hit by the inheritance tax threshold. More will be caught and m...