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.
Statistics are shown for this demographic
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Parish
Response rates from 35.6k Libertarian voters.
69% Yes |
31% No |
59% Yes |
16% No |
10% Yes, it is double taxation |
8% No, but increase the tax-free allowance |
7% No, reform so the tax rate is based on the wealth of the recipient rather than the deceased |
Trend of support over time for each answer from 35.6k Libertarian voters.
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Trend of how important this issue is for 35.6k Libertarian voters.
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Unique answers from Libertarian voters whose views went beyond the provided options.
@9DFDVVN1yr1Y
No, and it should be 100%
@8DSMZK24yrs4Y
Only keep it for the very rich
@9V44C4N2mos2MO
No, but they should reform the tax, to make it easier to inherit in low to middle middle-class families.
@9LJT4MR8mos8MO
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.
@9JYMMMQ10mos10MO
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.
@9J3L3H2 11mos11MO
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%)
@9G576MJ1yr1Y
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
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