Inheritance bomb

[AtW]

Everybody is gifting each other future inheritances, it's a bomb for the inheritance tax that would cost Chancellor dearly, something must be done ASAP retrospectively!

[BrilloPad]

100% inheritance tax. no exemptions.

[DimPrawn]

100% inheritance tax. no exemptions.

Vote Korbyn, get 100% tax on everything Komrade.

[Mordac]

Vote Korbyn, get 100% tax on everything Komrade.

Agreed. Especially the new tax on breathing. What I just thought up, but it's already starting to look like a winner. And very difficult to avoid. You'd have to provide a death cert for one thing, and if you can, then we can clobber your nearest & dearest for helping you avoid the Comrade tax.
There will be no need for inheritance tax, by the time we've finished with you, there will be sod all left to inherit...

[NotAllThere]

I'm glad I live in a country with no inheritance tax. They voted recently on introducing one on estates over 10 million francs, but it was defeated. Which is a relief.

[BrilloPad]

Vote Korbyn, get 100% tax on everything Komrade.

No tax on photographing man-hole covers.....

[OwlHoot]

Everybody is gifting each other future inheritances, it's a bomb for the inheritance tax that would cost Chancellor dearly, something must be done ASAP retrospectively!

If the assets being gifted are not completely dispensable to the donor it's a bit of a gamble because what if after receiving the gift the donee themself dies before the donor?

[AtW]

If the assets being gifted are not completely dispensable to the donor it's a bit of a gamble because what if after receiving the gift the donee themself dies before the donor?

Get big life insurance?

[sasguru]

Stick it all in a trust. Sorted.

[Mordac]

Stick it all in a trust. Sorted.

Offshore, obviously...