Average earners now face £200,000 inheritance tax bill

Average earners now face £200,000 inheritance tax bill

Inheritance tax (IHT) may be portrayed as a tax on the wealthy but there are warnings that even the families of modest owners could end up with large bills.

Research by interactive investor suggests that current IHT rules are on course to land the families of even those earning average salaries with tax bills worth hundreds of thousands of pounds.

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