Budget 2015 – How Inheritance Tax Changes will affect you

If you own a property worth up to £1m you will be able to leave it to children or grandchildren completely free of inheritance tax from April 2017.

Chancellor George Osborne announced today that he will raise the inheritance tax (IHT) threshold from £325,000 per person to £500,000.

The report in the Telegraph – link below, is very comprehensive and tells you everything you need to know!