Altrincham residents are among the highest inheritance tax payers in the UK, new analysis has revealed.<\/p>\n
Estates in the Altrincham and Sale West constituency paid an average of \u00a3451,220 in inheritance tax during 2022\/23, placing the area in the top 10 nationally and making it the only location outside London to feature in the rankings.<\/p>\n
The figures, compiled by law firm Irwin Mitchell using government data, put the Greater Manchester constituency alongside some of the capital’s wealthiest boroughs including Kensington, Chelsea and Hampstead.<\/p>\n
Only nine other constituencies across the UK recorded higher average inheritance tax payments, with Kensington topping the list at \u00a31.375 million per estate. <\/p>\n
Andrea Jones, National Head of Irwin Mitchell’s Private Client Advisory team, said the results reflect rising property values and wealth in the region.<\/p>\n
“Altrincham’s inclusion in the top 10 reflects the rising value of estates in the North West,” she said. <\/p>\n
“With property prices and asset portfolios growing, families here face increasingly complex inheritance tax challenges.”<\/p>\n
The news comes as the government prepares to introduce significant changes to inheritance tax rules following the autumn budget. <\/p>\n
From April 2026, business and agricultural property reliefs will be capped at \u00a31 million, while unused pension funds will become subject to inheritance tax from April 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"Altrincham residents are among the highest inheritance tax payers in the UK, new analysis has revealed. Estates in…\n","protected":false},"author":2,"featured_media":80863,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":{"0":"post-80862","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/80862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=80862"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/80862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/80863"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=80862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=80862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=80862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}