Future of Inheritance Tax in UK Unfavorable to Heirs

A promise made by the Tories, the flagship conservative party in the UK, that would triple the inheritance tax threshold may be postponed for sunnier financial times.  A business secretary for the party said the change is now an aspiration, not a priority.  

Additionally, a recent projection on what will be included in the budget does not mention a change in the inheritance tax threshold. 

See Andrew Porter, Tories will postpone flagship inheritance tax plan, says Ken Clarke, Telegraph, March 22, 2009; Budget 2009 – what to expect, Telegraph, April 21, 2209. 

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing these articles to my attention.