IHT Loophole Tempts Elderly To Buy Bigger Homes

Inheritance tax advice has taken a U-turn after Chancellor George Osborne unintentionally opened a legal loophole for pensioners. In his Summer Budget, Osborne confirmed a Tory election manifesto promise to expand the nil rate band for inheritance to £1 million from £650,000. Claiming the extra £350,000 takes some working out – but wealthy … [Read more...]