Britons at a loss when it comes to property inheritance tax

Pedro Gonçalves
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Britons at a loss when it comes to property inheritance tax

The lack of awareness around inheritance tax (IHT) in the UK has increased in the last year, with half (50%) of liable over-45s admitting to be unaware their main property could be subject to IHT. According to Canada Life's latest edition of its annual report on IHT, the proportion unaware their main property may be subject to IHT has risen sharply from a third (36%) a year ago. Canada Life surveyed 1,002 UK citizens, holding assets exceeding £325,000. The lack of knowledge extends beyo...

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