Loan customers dislike IHT

Almost eight out of ten people feel inheritance taxes are unfair, according to research commissioned by Friends Provident. Despite Gordon Brown’s decision to raise the threshold from £263,000 to £275,000, 67 per cent of people still believe it should be set at a higher level. Soaring house prices over the past ten years mean that more people are now caught in the inheritance tax trap. The FTSE 100 financial services group found that 64 per cent feel the tax should simply be scrapped altogether.