2023-12-29 20:00:24
While Duncan Smith expresses an opinion here, the claim that inheritance tax is a "tax on a tax" is factually incorrect. Currently, 4% of beneficiaries pay tax when they inherit an estate they have not previously paid tax on, although that is set to rise to 7% by 2032. [Link][Link] NEEDS_MORE_RATINGS(34-2-9) Author
2023-12-29 22:04:08
NNN. It's common for property to be purchased with income which is taxed via income tax, inheritance tax is the "tax on a tax" in the original note. NEEDS_MORE_RATINGS(4-1-9) Author
2023-12-30 10:12:50
The most recent YouGov poll shows that 56% would support scrapping IHT. [Link] NEEDS_MORE_RATINGS(2-0-4) Author