Why is #RishiSunak interested in reforming #inheritancetax, a #tax which is paid by less than 4% of estates annually... well, perhaps its do with the fact that most people who pay IHT live in constituencies that have a #Tory MP.
Suddenly, as we hurtle towards the next #election, his sudden interest in inheritance(s) make sense.
The problem he faces is this is just so easy to fit into a narrative of a party only interested in helping the rich(est); a slogan handed to Labour on a plate!
h/t FT
@43d7c4ea according to the IFS the tax take from IHT is set to double over the next 10 years
@43d7c4ea the fact is that no one living pays inheritance tax, it comes out of their estate after they are dead.
Of course it's their kids' inheritance they worry about. Kids who are probably approaching pension age anyway.
Inheritance tax is the most obviously fair way to pay for end of life care.
And a modest tax take, 10% say, from modest estates (£100k-£1m) would hardly be missed. Obviously a larger take from larger estates, and a clamp down on the avoidance measures the really rich use.
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