FFS1

[vetran]

OK I'm one who is probably going to be affected directly by death duties.

I wish they would stop using fiscal drag into higher tax bands but truly compared to fixing immigration, law & order or the NHS it's not a vote winner for me. and you know I'm ' a little tory',

[SueEllen]

OK I'm one who is probably going to be affected directly by death duties.

I wish they would stop using fiscal drag into higher tax bands but truly compared to fixing immigration, law & order or the NHS it's not a vote winner for me. and you know I'm ' a little tory',

Nah when get around to unaliving you it will be your heirs, so it will make no difference to you.

[malvolio]

Then again a married coupe get £350k each exemption from IHT for their estate (which des not include pensions pots) plus £175k each tax allowance, meaning a shade over £1m before IHT is due. It also rolls over if one partner dies first (not all that unusual). Outside the vastly over=inflated bubble of Greater London, that puts an awful lot of people out of its scope.

However, I'd much rather see a cut in income tax percentage, which would do a lot more good.

Sadly the idiot Hunt is resigning at the end of this parliament, but is clearly too thick to realise that means he can make popular decisions without fear...

[Gibbon]

However, I'd much rather see a cut in income tax percentage, which would do a lot more good.

I would rather a raise in the tax free threshold as that helps the lower earners. IMHO tax on the min wage is immoral, and I'm certainly no socialist, but those who earn little doing mundane but highly useful jobs deserve a bit more for their efforts.

[Protagoras]

I would rather a raise in the tax free threshold as that helps the lower earners. IMHO tax on the min wage is immoral, and I'm certainly no socialist, but those who earn little doing mundane but highly useful jobs deserve a bit more for their efforts.

+1. It's such a drag.

[jamesbrown]

I would rather a raise in the tax free threshold as that helps the lower earners. IMHO tax on the min wage is immoral, and I'm certainly no socialist, but those who earn little doing mundane but highly useful jobs deserve a bit more for their efforts.

I'd rather see a higher minimum wage or higher earnings in general. On the whole, I think it's good for a broad cross-section of society to pay some tax, even if the tax system is "progressive" or, indeed, "extremely progressive". Afterall, that's the way collective utilities are funded and it would be best if they were funded by the broadest cross-section of society. Having a large cross-section of society pay no (income) tax at all isn't conducive to a good discussion about trade-offs between tax and spend (in which the largest number of people have a stake).

[malvolio]

+1. It's such a drag.

+2 - completely correct. Although I claim a bias, the recent fairly significant rise in State Pensions meant my tax code was reduced by exactly the same amount, meaning I now pay more tax on my own carefully and painfully created pensions. In practice I got about 80% of the rise.

[vetran]

Nah when get around to unaliving you it will be your heirs, so it will make no difference to you.

Being a future heir (hopefully long in the future) it will unless they spend our inheritance with wild living in their 70s & 80s.

Our kids will have a similar issue.

[vetran]

Then again a married coupe get £350k each exemption from IHT for their estate (which des not include pensions pots) plus £175k each tax allowance, meaning a shade over £1m before IHT is due. It also rolls over if one partner dies first (not all that unusual). Outside the vastly over=inflated bubble of Greater London, that puts an awful lot of people out of its scope.

However, I'd much rather see a cut in income tax percentage, which would do a lot more good.

Sadly the idiot Hunt is resigning at the end of this parliament, but is clearly too thick to realise that means he can make popular decisions without fear...

Indeed, although £1M is a lot of money for most people. The billions wasted on saving inheritance tax could be spent on so many things that would do good for the country. Its not like the real targets of financial envy will suffer they all have tax advisers that will spank HMRC in court.

For instance

1. Teaching the unemployed & prisoners to read, write and basic skills to encourage them to work and be useful to society.
2. Retraining younger & older people for the new technical economy.
3. Creating a green building boom.
4. Green energy.
5. EV vehicle economy
6. world beating science
7. Xponics food growing
8. AI crime fighting.
9. AI medecine
etc.

[JustKeepSwimming]

Carrying on the nuTory tradition of briefing the media prior to the House.

Halving the IHT rate to 20%. Current IHT is £7bn a year, so £3.5bn cut?

How can we afford that? Well Kunt has a cunning idea. Instead of using September's inflation rate to determine changes to benefits, as is the established process, he will just use the lower October rate, saving £3bn.