IHT nil rate band may now be frozen until 2019
Despite Chancellor George Osborne’s Autumn Statement pledge to raise the inheritance tax (IHT) threshold by 1% – to £329,000 for individuals and £658,000 for couples – in 2015/2016. It is now being reported that the government will freeze the IHT threshold – at £325,000 for individuals and £650,000 for couples – until 2019.
The extended freeze is expected to part-fund the government’s plans for a cap on elderly care fees.
