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Middle class families are "sleepwaking" into an inheritance tax issue unless they act say experts . Fewer than one in 20 estates were liable for inheritance tax in 2022, with just 4.62% of deaths resulting in a bill from HMRC.

But frozen thresholds and changing liability could soon see the middle class facing these 40% tax bills. Eamonn Prendergast, Chartered Financial Adviser at Palantir Financial Planning Ltd, said : "Inheritance tax is fast becoming the great middle-class trap.

"In London especially, ordinary families who simply bought and stayed in their homes for decades now find themselves facing six-figure tax bills. The £2 million taper threshold for the Residence Nil Rate Band hasn't moved in years, while house prices have surged and allowances remain frozen unt

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