London and South East families pay almost half of all inheritance tax

London and South East families pay almost half of all inheritance tax

Families in London and the South East paid 46% of all UK inheritance tax bills in the last year, up from 44% the previous year, according to analysis by TWM Solicitors, a leading private wealth and family law firm. Data published today shows that the value of IHT liabilities for London and the South East was £3.3 billion in the last year, up from £3 billion the previous year. The total UK IHT liabilities were £7 billion. Out of the 20 top-paying…

London and South East families pay almost half of UK inheritance tax

Families in London and the South East paid almost half of all UK inheritance tax (IHT) last year, according to analysis by TWM Solicitors. HMRC figures

IHT liabilities hit £7bn despite fewer estates paying

Inheritance tax (IHT) liabilities reached a record £7.03bn in 2023/24 despite a fall in the number of estates paying the charge, new HMRC figures show. Liabilities increased by £330m, or 5%, from £6.70bn in 2022/23. The average bill among taxpaying estates also rose by 9%,… The post IHT liabilities hit £7bn despite fewer estates paying appeared first on Money Marketing.