Inheritance Tax _ Not Just For The Wealthy

Following the Chancellor's recent Budget, Gordon Brown announced that Inheritance Tax would not become payable until a person's estate was valued at more than £250,000.  This is a rise of only £8,000 from the previous threshold of £242,000.  As house prices continue to escalate, more and more people will fall into the Inheritance Tax bracket.  According to Halifax, house prices have grown by 52% over the last five years.  The Inheritance Tax threshold has only risen by 16%, meaning that an extra 1.4 million people could be liable to Inheritance Tax on death.  It's not all doom and gloom!  Find out about Inheritance Tax in the Inheritance Adviser.com.  Calculate what your bill would be and how to reduce or eliminate it altogether using the Inheritance Tax Calculator .