Poor Inheritance tax planning costs £13.bn a year

Britons are set to lose out on nearly £1.3bn this year as a result of poor inheritance tax (IHT) planning, according to new research.

Unbiased.co.uk, the professional advice website, said its latest annual Tax Action Report found that UK taxpayers are set to waste £13.5bn in unnecessary tax payments in 2011, with IHT representing 10 per cent of the overall figure.

More in the Financial Times

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