Comment on Scrapping inheritance tax would cost £15bn a year by 2032, says IFS
tkc@feddit.uk 8 months agoI really thought it was higher to be honest. That’s even worse. Fully support it being raised, but not removed.
Comment on Scrapping inheritance tax would cost £15bn a year by 2032, says IFS
tkc@feddit.uk 8 months agoI really thought it was higher to be honest. That’s even worse. Fully support it being raised, but not removed.
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.