The Conservative Party makes pre-election promise on inheritance tax

Both George Osborne (at the weekend) and David Cameron (last October) have said inheritance tax should only be paid by the very wealthy. George Osborne has said that they will set out their approach closer to the election.

The Conservative Party made similar promises before the last election, although it said it was unable to implement these due to the coalition.

The tax threshold has been £325,000 since 6 April 2009 and receipts from inheritance tax during the last tax year were the highest since 2007/2008.

Should you wish to make arrangements for the future, our approachable and experienced solicitors are here to help. Contact the team on 01473 611211 to arrange an appointment.

Nick Palmer is a lawyer at Barker Gotelee, Solicitors in Ipswich. Solicitors Ipswich Suffolk – for more information on our range of legal services, please contact us on 01473 611211.