The summer Budget brought good news for those with wealth tied up in family homes as Chancellor George Osborne announced the introduction of an additional nil-rate band for a person’s main residence. However, some experts have criticised the announcement for being unnecessarily complicated and causing confusion amongst the public.

The revised Inheritance Tax (IHT) rules announced by Chancellor George Osborne during the summer’s Budget speech have appeared to cause widespread confusion across much of the public.

Following on from the recent and well publicised Ilott case, the Financial Times reports that the ruling highlights the powers at the disposal of the courts to overrule Wills.

Inheritance tax has been in the news a fair amount recently – we've been trying to keep up with the most recent developments as best we can – but the latest piece of news comes from David Cameron ahead of the general election next May, with the Prime Minister announcing that although he is aiming to increase the threshold for inheritance tax, it may take some time for a new policy to come into play.

Here at KCT when browsing the news lately we came across a rather alarming piece in The Telegraph, stating that middle-aged people will unfortunately not be able to rely on a windfall inheritance to aid any financial woes, as they will be retired by the time any money comes through. It seems that the age at which British adults tend to receive inheritance money is heading into the 60's, with experts predicting that it spells the demise of "traditional inheritance."

In a bid to keep up with the latest news regarding inheritance tax and death duties, we came across new figures published in the Solicitors Journal, noting that HMRC recently revealed it has received more than £3.4 billion from inheritance tax (IHT) and death duties in the last 12 months.

Hugh Lowther, the eldest son of the seventh Earl of Lonsdale, has been left with no other option but to sell his family's mountain in the English Lake District to cover Inheritance Tax (IHT) liabilities on his late father's estate. The decision of the new earl has brought much attention as the sale of Saddleback Fell is probably the first property divestment of its kind, the Society of Trust and Estate Practitioners (STEP) reports.

New figures show that, over the course of a year, HM Revenue and Customs (HMRC) has seen a 23% rise in the amount of money raised by challenging the valuation of estates.

Many people risk leaving their families with hefty tax bills when they die because they are unaware of the current Inheritance Tax (IHT) threshold, according to new research.