According to a report from PWC (Price Waterhouse Coopers), the professional services firm, ince 1997 the ratio of the average house price to the IHT threshold has increased steadily from 32 per cent to around 65 per cent today. In London the increase in this ratio has been more dramatic from 49 per cent in 1997 to 103 per cent today.

Due to a lack of understanding of the tax rules an increasing number of people who die each year could end up potentially leaving more to the taxman than they thought they would.

How much are you worth?
There is no IHT to pay on the first £263,000 (the nil-rate band allowance) you leave, because tax in this band is at zero rate, but assets over this amount are currently taxed at 40 per cent on death unless they pass to your surviving spouse. You are probably far wealthier than you imagine. So why not take a few minutes to calculate the current value of your estate and the potential IHT liability that could become payable? The table provided will give you a general guide. You should seek advice from us before acting on any of the results.

If you have any concerns or would like to discuss with us your situation please e-mail or contact us to arrange a meeting.