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Debt in Swindon `on the rise` New debt management option "a positive step" Consumers `should get advice over IVAs, bankruptcies and DROs` Women `less likely to file for bankruptcy` Councils `filing for bankruptcy for those who fail to pay tax` Consumers lying about finances Rise in bankruptcies revealed Scottish bankruptcies on the rise, new figures suggest Borrowers `accruing more debt before seeking IVAs` Bankruptcies `high in south-west` Landlord bankruptcy enquiries `on the up` Increase in bankruptcy figures for another CAB Bankruptcy "best option" for some households 90% "choosing to `jump before they were pushed`" R3: Bankruptcies and IVAs to rise over next 12 months Insolvencies rise for automotive companies Fuel price hike sparks bankruptcy fears London bankruptcies have "quadrupled" Government department identifies fall in bankruptcy levels Insolvency figures `hide true extent of debt problems`

Over 25 percent `still pay inheritance tax in certain areas`

26/10/2007

More than a quarter of homes sold in certain regions of the UK are still valued higher than the increased inheritance tax threshold, a new report has found.

In his pre-Budget report, chancellor of the exchequer Alistair Darling raised the threshold for inheritance tax from £300,000 to £600,000.

However, a survey by Halifax has found that in 62 postcode districts of the UK, at least 25 per cent of properties sold were above the increased threshold. Inheritance tax has, in the past, forced some families to consider starting bankruptcy proceedings.

Martin Ellis, Halifax chief economist, said: "There are still some parts of the UK where a significant proportion of households are vulnerable to paying inheritance tax based purely on the value of their own home, despite the changes to inheritance tax announced earlier this month."

Postcode area SW1X in Kensington had the most properties sold at over the threshold, with 77 per cent of homes valued over £600,000.

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