INHERITANCE TAX – One in ten estates will be paying IHT by 2018
The proportion of estates liable for inheritance tax (IHT) will quadruple from just 2.6 per cent in the 2009-10 tax year to 10 per cent in 2018-19, according to research by the Institute for Fiscal Studies. IHT liabilities will then take a bigger share of the national income than at any time in the past 45 years – unless the tax is reformed.
The firm aims to give its clients the benefit of long experience, which is considerable bearing in mind the fact that all of the partners have been in practice in Northern Ireland for over twenty or more years.
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