Overall Property prices have increased substantially in the last decade and many more people are subject to Inheritance Tax.
The way inheritance tax is calculated means that your estate (everything you own at the time of your death) is assessed by the tax man. House, car, jewellery, investments – they all come into the equation.
The current rate of Inheritance Tax is set at 40%. The tax is paid by those that inherit – and is deducted from the estate on death therefore this makes the Tax relevant whether you stand to gain an inheritance or you plan to leave one.