Should the government abolish the inheritance tax?

No, but increase the tax-free allowance and reform so the tax rate is based on the wealth of the recipient rather than the deceased

No, and it should be 100%

Only keep it for the very rich

No, and they should remove the change of basis on death, so that people who inherit assets pay capital gains tax on their gains since they were last priced.

Depends on wealth. An average working class person shouldn't pay inheritance tax just cos they got lucky with inheriting e.g. a house worth a million. Essentially if it's under £1million then no tax should be paid

No however there should be improvements to the inheritance tax like for farmers etc.

No, but reform the system by taxing recipients progressively, closing loopholes and simplifying reliefs

No, inheritance shouldn't exist

No, but add exemptions for primary/family properties

Not for people who earn just over the threshold only very rich should apy

No, and eliminate any loopholes such as the use of trusts to circumvent inheritance tax

Estates of anyone who is a billionaire or a stately home or non commercial land of more than 1 acre should be taxed heavily. It is a major source of inequity and disparity between class.

No, but it should be contingent on the wealth of the person receiving the inheritance.

keep if the recipient intends to sell, but allow recipients to keep property tax-free if they do not sell within the first 5 years

Either increase the inheritiance tax threshold to £2million or replace it with a Lifetime-Receipts Tax

I fully support inheritance tax and my answer is no, but make a deal with the farmers protesting and allow them some form of exception.

No but increase the tax-free allowance and reform so tax rate is based on wealth of recipient rather than deceased.

No it should be significantly raised, and all loopholes removed, to reduce the societal damage of entranched generational wealth.

Yes, but only if it is more than two years after the end of the current cost of living crisis (inflation brought below 2% and the economy growing by 5%)

No it is a tax that is good for the economy. This is because if someone inherits a large sum of money they will be less incentivized to work but if that money is taxed they will be more incentivized to contribute to the economy

Yes, the person you inherit off has payed tax on that money already. They have worked hard, paid their tax and left their wealth to the beneficiaries of their choice. The beneficiary should not have to pay tax again

100% inheritance tax so that money is released back into the economy for every generation instead of hoarded wealth.

Disallow inheritance above a small amount. Inherited wealth is very bad for society.

Increase the rate of inheritance tax so that the individual is wealthy on their own merits not their ancestors.

No, Inheritance, is one of the main causes of inequality. Inheritance should be taxed more than any other form of wealth

It depends on the amount. Poor and middle class people shouldn't have to pay taxes on their inheritance. Rich people should keep paying taxes. If we would abolish the inheritance tax, rich people would get richer and this would increase the social and economical fracture between the poor/middle classes and the rich class.

No, they should have a max cap on inheritance. If the money above the cap isn’t spent, it should go back into the country’s education and healthcare sectors.

No, implement a 100% inheritance tax to eradicate generational wealth and get money into circulation to bolster the economy

No. Maintain the current non-taxable amount and ensure that we are only taxing on any amounts above that. Say the value of the estate is £400k, we only tax on 75k

No, but make less loopholes for generational wealth in trusts etc. and don't punish unmarried people.

It is absolutely outrageous that we are being charged money to access our own family heritage. It's unfair and completely unjustified.

Absolutely, we pay tax all our working career then pay tax on our pension withdrawals as well as taxed when we purchase goods fuel etc therefore any wealth or inheritance should be passed on freely as a bonus to our own

Yes, it's double taxation, but only after the tax system is reformed to remove loopholes so you can guarantee tax has been correctly and fairly paid in the first place.

The tax free allowance should be increased, and the tax should be applied to the received inheritance per inheritor, not to the estate as a whole.

Absolutely not!! Nobody should be become rich without contributing to society. Inheritance tax should be steeply graduated once it goes above a certain level

Establish inheritance tax at 100% and redistribute all assets equally.

Why when you inherit should you pay tax on the money someone already paid tax on so they could leave something of benefit to family and friends for their future.

Yes, all tax should be abolished.

Higher the thresh hold. Make it 2 million

No - increase it to 100%

No but it should be reduced drastically as parents are taxed throughout their lives, the recipient must not lose the benefits of inheritance due to their parent passing away

No. Inherited wealth is a major driver of inequality. Inheritance tax should be increased and loopholes removed.

No. The loop holes around trusts also need to be reformed to stop the generational passing of huge swathes of wealth.

If tax on the money etc. has already been paid by the deceased, then tax should not be paid again by the recipient.

No, and increase it to 100% over a low cap to allow for personal effects. Also crack down on loopholes.

No, but increase the tax-free allowance to £1,000,000 and decrease the tax rate to 20% of any balance over the the allowance

There should be a long-term aim to abolish IHT, with an immediate aim to raise the threshold to £1,500,000 per person over the lifetime of the new parliament.

There should be a 100% inheritance tax, why should the rich be allowed to hoard generational wealth while the rest of us suffer an ever widening wealth gap.

Yes, but replace it with a Lifetime Receipts Tax (LRT)

Yes, and replace it with a Lifetime Receipts Tax (LRT)

Yes, inheritance is completely legitimate as i came from family or close people

Yes, along with "inheritance" as a whole. Rather, inheritance should go into a trust fund, which would subsequently replace their need for any state welfare.

Yes, it is immoral to tax money from people who are in mourning

see my view on what people shluld be able to do with their own money

Yes, but introduce a wealth tax instead.

podatek spadkowy w pierwszej lini pokrewienstwa powinien byc zniesiony w ogole, tak by rodzice w pelni mogli przekazac dorobek swojego zycia dzieciom

Abolish capitalism

What is an inheritance tax

No, but make avoidance more difficult so that the super rich don't get away with paying none with clever accounting

No but significantly increase personal tax free allowance ie £300,000 per person. Do not punish someone for saving and working hard.

Do not get this

Yes but it should also abolish capital gains tax on inheritance. People work all their lives to obtain these assets paying sdlt and income taxes. Why should this be taxed again.

No increase it to make all inheretance equal

No, but Aristocrats should be exempt

Tax the rich even more

No, out should be increased to 100%

No, Increase inheritance tax

Taxes are spooks

Replace with an estate tax

Yes, and spend the money on the poor

There should be a set maximum amount of inheritance, e.g. £500,000, and anything above that goes to the government. This amount should not be taxed.

Yes, and increase the tax-free allowance.

No but raise the threshold to £1 million

Only above sums of 100,000

yes for people who aren’t inheariting a lot

Yes get rid of it,the government needs that tax just to pay for lazy bottoms on the welfare benefit system.

No, reform it based on both the amount to be inherited and the wealth of the recipient.

Yes, crack down on tax evasion and tax loopholes instead.

Yes, the money and possessions are ownership, savings and hard earn't to be passed down to next of kin. The government should have no right to try and claim any of that in tax or otherwise.

No. But it needs reform & shouldnt have to be paid upfront

No, and add an inheritance cap.

It depends on the amount you inherit

Decrease the rate

Yes, I would instead gain income tax from any gains from transfers of property received as inheritance or gifts and I’d cap income tax at 20%.

No, and impose a limit on the amount a single person can inherit but pay towards funerals

Its the most important tax to preserve capitalism from a return of feudalism. It should be enforced zealously

Inheritance is a legitimate form of wealth and should not be affected

Yes for inheritance £250,00 or below.

Not in all cases

Yes, and replace it with a Lifetime Receipts Tax (LRT) on assets valued at £2 million or more

Yes, and replace it with a Lifetime Receipts Tax (LFT)

No, raise the threshold to £1 million and then raise the rate to 75% above the threshold

Allowances and exemptions should be massively higher

No - increase the tax free allowance and increase the rate above that threshold

No, but lower it to a reasonable amount

Should be lowered to 30%

No, but the inheritance tax should not be applied to savings or trusts that were taxed upon the depositing of the funds they contain.

Yes, and replace it with a lifetime receipts tax

No but allow money given to national charities to be excluded