Mortgage deposit: Nearly half of UK first-time buyers are getting inheritance money early

INHERITANCE TAX is the tax on an estate of a person who has died. The standard IHT rate is 40 percent, however this is only usually charged above a specific threshold. However, it seems that some people are instead getting money which would have been passed onto them after death earlier - with nearly half of UK first-time buyers getting inheritance funds early in an effort to boost their mortgage deposit. -»