Inheritance Tax Planning News
11 Oct 2007
Inheritance tax threshold raised
Chancellor Alistair Darling has doubled the value of assets which couples can leave behind when they die without incurring inheritance tax.
Married couples and civil partners now have a combined threshold of £600,000, rising to £700,000 by 2010.
The move came a week after shadow chancellor George Osborne said only estates worth more than £1m would be taxed under a Conservative government.