10 Proven Strategies to Improve Your Lead Conversion RateThe latest figures from HM Revenue and Customs show that inheritance tax receipts increased to £3.9 billion in the six months from April 2023 to September 2023. This is a £400 million increase from the same period in the previous year, and continues the upwards trend over the last decade.
This is a steep 9% increase from the £214,000 average paid just three years ago and a 12% rise in the number of estates paying the tax. This increase is being fuelled by years of soaring house prices and frozen allowances.“Inheritance tax has found itself the unexpected centre of the UK’s political battlefield.
Depending on your political position that is either a good or a bad thing. But, whether you think inheritance tax is a great means of wealth redistribution or an unfair tax on those who’ve already been taxed once – the future of the UK’s most controversial tax is worth arguing about. Still the current inheritance tax system does need fixing. Inflation, rising house prices and frozen allowances are pushing more families within the reach of inheritance tax every year. Given they’re no wealthier than they were before, and possibly worse off given the cost of living crisis, it’s no wonder inheritance tax is the most unpopular tax in Britain.”Giving money away early.
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