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Time to start inheritance tax planning

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Wednesday, 15 August 2007 05:39

UK house price inflation and increasing personal wealth are sucking more and more estates into the inheritance tax (IHT) net, warns leading financial research company Defaqto.

In fact, 9.4 million individuals can expect to have an inheritance tax liability by the time they die, according to Scottish Widows research.

UK residents are liable to pay inheritance tax at 40 per cent on their total worldwide assets, including the value of their property, which is in excess of

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