extra death tax proposed

kidmugsy

For those who enjoy a nice fret.

http://www.dailymail.co.uk/news/article-2710287/Labour-revives-plans-15-death-tax-estates-deceased-provoking-outcry-Tories-claim-pensioners-deserve-better.html

Will Labour take the view that it's unfair that the non-rich avoid death taxes, so here's a new one that will hit them too? I'll bet it won't be in their next election manifesto.

Dr_Teeth

Oh look, the Tories are bleating about how it's unfair. Remember, you can't expect something for nothing if you're on benefits, but it's somehow fine to get something for nothing when a relative dies.

agrinnall

Why would I fret, if I'm dead the money is no use to me any more?

kidmugsy

agrinnall wrote: »

Why would I fret, if I'm dead the money is no use to me any more?

Some people are on such good terms with their spouses and children that they would care.

kidmugsy

Dr_Teeth wrote: »

Oh look, the Tories are bleating about how it's unfair. Remember, you can't expect something for nothing if you're on benefits, but it's somehow fine to get something for nothing when a relative dies.

So your plan is to abolish all inheritance, is it?

Jennifer_Jane

Dr_Teeth wrote: »

Oh look, the Tories are bleating about how it's unfair. Remember, you can't expect something for nothing if you're on benefits, but it's somehow fine to get something for nothing when a relative dies.

Surely the point about benefits is to get something for nothing?

Dr_Teeth

kidmugsy wrote: »

So your plan is to abolish all inheritance, is it?

No, just tax it.

zygurat789

kidmugsy wrote: »

For those who enjoy a nice fret.

http://www.dailymail.co.uk/news/article-2710287/Labour-revives-plans-15-death-tax-estates-deceased-provoking-outcry-Tories-claim-pensioners-deserve-better.html

Will Labour take the view that it's unfair that the non-rich avoid death taxes, so here's a new one that will hit them too? I'll bet it won't be in their next election manifesto.

Who is daft enough to fret about what's in the Daily Mail

kidmugsy

zygurat789 wrote: »

Who is daft enough to fret about what's in the Daily Mail

Anyone who also saw it in the Tel, The Grauniad, etc?

getmore4less

would need to see the details and what exemptions would apply.

Around 1/2 million die each year and very few(3%) estates pay tax,

Only about 1/4million ever see probate/administration so taxing would become an admin nightmare if you want to do every estate.

A lot of the small estates are small because they are kids young people.

The other main reason for the bigger estates is the spouse exemption and transferable nil rate band.

CLAPTON

Dr_Teeth wrote: »

No, just tax it.

if parents giving their children money is morally wrong why don't you think it should be made illegal?