The inheritance tax is a tax on money and possessions you pass on when you die. A certain amount can be passed on tax-free, which is called the "tax-free allowance" or "nil rate band". The current tax-free allowance is £325,000 which has not changed since 2011 and is fixed at that rate until at least 2017. The inheritance tax is an emotionally charged issue as it comes up during a time of loss and mourning.
Narrow down the conversation to these participants:
Discussions from these authors are shown:
Yes, inheritance is completely legitimate as i came from family or close people
@clthreeoneeight4yrs4Y
Yes, it is immoral to tax money from people who are in mourning
@8SST2LY4yrs4Y
see my view on what people shluld be able to do with their own money
@8SLLC2Y4yrs4Y
No, but make avoidance more difficult so that the super rich don't get away with paying none with clever accounting
@8SLJW6Z4yrs4Y
No but significantly increase personal tax free allowance ie £300,000 per person. Do not punish someone for saving and working hard.
No, out should be increased to 100%
@8RZXSC84yrs4Y
Replace with an estate tax
@8R86BFBLiberal Democrat4yrs4Y
yes for people who aren’t inheariting a lot
@9686WY62yrs2Y
Yes, and it should be increased
@955SD9G3yrs3Y
Yes, remove this double taxation and instead reform the rest of the tax system to remove loopholes and tax the rich
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.
