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IHT payments hit record high


A record £5.3bn of IHT was paid by Britons last year, according to data from HMRC. It reveals that IHT has jumped by 13% in the last year, up from £4.7bn in 2016-17. Torsten White, partner at private client law firm Wilsons, said the rise was down to property prices going up and an increase in the value of assets such as stocks and shares, combined with the IHT threshold remaining frozen at £325,000 since 2009.

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