Inheritance Tax

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George Osborne has confirmed the inheritance tax (IHT) threshold will increase to £1m for couples, funded by a pension tax relief cut for people earning more than £150,000.

The Chancellor George Osborne is set to confirm an increase in the inheritance tax (IHT) threshold to £1m per couple in this week's Budget.

Chancellor George Osborne is set to take the unusual step of delivering two Budgets in the same year, after announcing plans to keep the promises the Conservatives made ahead of the general election.

Parents would be able to pass a main property worth up to £1m to their children without paying any inheritance tax (IHT), under Tory plans in Treasury papers leaked ahead of Wednesday's budget.

Savers could be forced to pay inheritance tax while they are still alive, under a new drive against tax avoidance planned by the government.

Thousands more families will be required to pay inheritance tax (IHT) this year as an improving economy and rising house prices pull them above the threshold, according to figures.

Emergency services workers will no longer be subject to inheritance tax (IHT) on their death, it has been announced in the Budget.

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