Synopsis: The freezing of the nil rate band has gone ahead.   One of the Conservatives’ tax pledges in their draft economic manifesto was ‘We will raise the Inheritance Tax threshold to £1 million…’. No specific timing was given. With the focus on other issues – notably National Insurance – the idea has seemed to be heading towards the aspiration category….

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2010/11 starts with the freezing of the nil rate band at £325k. Tories promise an increase to £1m – but by when?   Much of the current tax concerns and tax planning focus is on increases in income tax and the removal of pensions tax relief for high earners. It would be unsurprising, in the light of this, if inheritance…

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