ContinueWe use cookies to ensure that you get the best experience on our website; if you continue without changing your settings - or dismiss this message - we'll assume that you are happy to receive all cookies on

The Conference Forum

Return to front page

Newest article: Re: Parsons Green #2 by AnonymousToday 10:49Today at 10:49:29view thread

Oldest article: We're on our way by Kingfield Ender'30/9 15:42Sat Sep 30 15:42:43 2017view thread


Next thread: Strictly by slack14/10 20:27Sat Oct 14 20:27:07 2017view thread

Re: Bad news, GC

By Meerkat12/10 18:00Thu Oct 12 18:00:46 2017In response to Re: Bad news, GC

Views: 553

The deceased isn't taxed twice. They are taxed once, and then they die.
The living are already taxed on distribution using your parameters. VAT for a start.
Taxing the beneficiaries like that would be an administrative nightmare!
Though I could see how taxing the estate at £100k per wife/kid would be fair enough.

Would need to have a think what would happen with family businesses and seriously big estates (though are they mainly in trust anyway?)
Forced sales of either would be economically disruptive....maybe deferred tax that just stopped you taking all profits on sales (but then the incentive would be very short term profits?)

reply to this article | return to the front page

Next article in this thread: Re: Bad news, GC by Slim Jim12/10 19:06Thu Oct 12 19:06:26 2017

Previous thread: FAO of Lee Hughes & Luke McCormick by Sicknote15/10 12:28Sun Oct 15 12:28:18 2017view thread