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Re: Bad news, GC

By Slim Jim12/10 21:36Thu Oct 12 21:36:41 2017In response to Re: Bad news, GC

Views: 443

The state should ensure that people can dispose of their already taxed money how they want, be they a hard working billionaire or an idle nurse, feckless soldier or lazy shopkeeper.

I'm not advocating the abolition of IHT, but proposing a fairer (IMO) application of it.

The burden of tax is transferred to the recipient rather than the estate. All get the same tax free allowance which is surely equitable. So a wealthy, high earning beneficiary could pay more than "hard working families", depending on how the tax rates/calculations are set.

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