The rise in property prices, while tax-free allowances remain the same, has meant that more and more people are being subject to inheritance tax on their loved one’s estates.
According to recent figures, £5.4bn was paid in inheritance tax last year, an increase of 3% on the previous year, and 28,000 estates were subject to the tax in 2016/17, an increase of 15% on the previous year.
More information about inheritance tax can be found here.
Or watch our information video on inheritance tax here.