People around Britain give their thoughts on inheritance tax. Some want to see it increased, while others want it abolished completely
People around the UK are calling for a reform to inheritance tax in this month’s Budget. Some toldInheritance tax is paid on the estate of somebody who has died. The current rate is 40 per cent
She said: “My mum was divorced and a retired NHS practice manager who managed to buy her own house when the Government offered people in housing association properties a lump sum as a deposit in exchange for them to move out of social housing. She added: “Had my mum been married, both of my parents would have had the same allowance, so I wouldn’t have had to pay any inheritance tax when the second parent died.
Retired electronics technician Scott Clegg, from Aberdeen, would ideally like to see IHT abolished by Rachel Reeves in the Budget. If the pair were married, Scott would not have to pay the tax, he said, but they do not plan on tying the knot any time soon.‘At the moment, it doesn’t impact that many people’The 25-year-old customer service worker from Glasgow has not been affected personally by the charge, but thinks lowering the tax-free threshold would be a good way to raise cash.
He added: “In my opinion, it’s reasonable to increase it because you are not talking about increasing the scope of it – ie who pays inheritance tax – we are only talking about asking those who would pay it anyway to pay a bit more.
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