Could property boom hit you with 40% tax?

The experts are warning that one side-effect of the property price boom could mean that tens of thousands of people in the UK are hit with a shocking 40% tax. The tax in question is inheritance tax, which kicks in when everything you own hits the value of £325,000, and is taken at the extortionate rate of 40%.

When the rate was first frozen at £325,000 in 2009 it seemed to affect only the mega-rich, but things have changed dramatically since.%VIRTUAL-SkimlinksPromo%