2.3million homes in tax band

Mirror 24/02/2007

The number of houses worth more than the £300,000 inheritance tax level has doubled in five years, figures show. More than 2.3million people now live in a home which would make them liable for death duties.

In all, 236 postcodes are liable, 11 per cent of all districts, and up from 117 postcodes in 2001.

The 10 most expensive areas are all in London apart from Virginia Water in Surrey, the Halifax report found.
The average cost of a home has jumped by 200 per cent since 1995/6.

Tim Crawford, of the Halifax, said: "We call on the Government to raise the inheritance tax threshold to £460,000."

© 2007 Mirror Group Ltd
Date: 24/02/2007
Publication: Mirror