Comment on Scrapping inheritance tax would cost £15bn a year by 2032, says IFS

• tkc@feddit.uk ⁨8⁩ ⁨months⁩ ago

  I really thought it was higher to be honest. That’s even worse. Fully support it being raised, but not removed.

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  • ChaoticEntropy@feddit.uk ⁨8⁩ ⁨months⁩ ago

    There are a bunch of adjustments, chief among them that if you inherit spouse to spouse then it isn’t taxed and if that spouse 1 passes away without using their inheritance tax amount then you get to use their inheritance tax amount too when you pass away, effectively doubling the limit. Among others.

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