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.
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@9DFDVVN2yrs2Y
No, and it should be 100%
@B42469G2wks2W
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
@92RWMJM3yrs3Y
No, Inheritance, is one of the main causes of inequality. Inheritance should be taxed more than any other form of wealth
@9QK948W9mos9MO
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.
@9NWMNCM10mos10MO
No, implement a 100% inheritance tax to eradicate generational wealth and get money into circulation to bolster the economy
@9NPX5SD10mos10MO
No, but make less loopholes for generational wealth in trusts etc. and don't punish unmarried people.
Higher the thresh hold. Make it 2 million
@964HRWR2yrs2Y
@9PWDD5L 9mos9MO
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
@9PP54D69mos9MO
No. Inherited wealth is a major driver of inequality. Inheritance tax should be increased and loopholes removed.
@8S88LXR4yrs4Y
@8RXWH3H4yrs4Y
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.
@8QRNVDN4yrs4Y
No, reform it based on both the amount to be inherited and the wealth of the recipient.
@8QPWX5V4yrs4Y
Yes, crack down on tax evasion and tax loopholes instead.
@8PV7RQ84yrs4Y
No, and add an inheritance cap.
@9CJHNNWLiberal Democrat2yrs2Y
No, raise the threshold to £1 million and then raise the rate to 75% above the threshold
@9CJDV7Z2yrs2Y
Allowances and exemptions should be massively higher
@9CHKRKR2yrs2Y
No - increase the tax free allowance and increase the rate above that threshold
@98JDT9M2yrs2Y
For secon/third homes etc and/or raising cap
@9866KWG2yrs2Y
Abolish the government, currency and market economy
@962538C3yrs3Y
Yes, except for the highest bracket, which should be increased
@93GPN273yrs3Y
Completely reform since its ineffective due to loopholes as simple as putting assets under the name of funds or corporations
@8XBNJFK3yrs3Y
Inheritance tax should be increased
@8VDJSLV4yrs4Y
Inheritance tax should be increased significantly
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