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Bigger IHT haul signals a more aggressive HMRC

Bigger IHT haul signals a more aggressive HMRC

The IHT take has risen dramatically in the UK over the last two years leading insurer NFU Mutual to warn that HM Revenue & Customs may be getting more aggressive with estates, despite the introduction of a new nil rate residence band.

IHT receipts for 2015/16 were £4.66bn ($6.1bn, €5.2bn), up 22% on the previous tax year, and £4.84bn for 2016/2017 - a further 4% rise according to the Office for National Statistics.

This has prompted advisers to urge investors not to neglect this crucial but often neglected area of financial planning.Please link to International Adviser to read the full article by John Lappin

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