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Inheritance tax All the signs are that the Conservatives, urged on by their friends in the press, intend to mount a campaign to frighten people about having to pay inheritance tax (IHT). The number of estates liable for the tax has risen from 15,000 to 42,000 since Labour took office, but this still means that more than 95 per cent of people die without their heirs having to cough up a penny. Moreover, Labour has actually increased the threshold at which the tax starts to be paid by more than the rate of inflation. It now stands at £263,000 instead…

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