There was a time when the topic of inheritance tax was relevant only to policymakers and those fortunate few who were wealthy enough to be affected by it. But things have changed drastically in the past 40 years. An entire generation of Britons raised on council estates began, in the 1980s, to embark on an adventure their parents could never have contemplated: home ownership. Decades later, these hard-working grafters are now considering another exercise that their own parents could never have contemplated: working out how much of a cut the government will take of their estate before their children can benefit from it. This sort of dynamic fundamentally alters the nature of the debate. Inheritance tax is increasingly affecting ordinary, lower middle class families, especially in the South East. Many of them will be Labour voters who believe in equality and the greater good. But clearly, the party has not yet caught up with this reality. In the 1990s, one article in a Left-leaning magazine made the case for a 100 per cent rate of inheritance tax. Being gifted money earned by other people was immoral, the writer suggested, and the wealth gap between rich and poor could only be… Read full this story
- Inheritance Tax threshold should be doubled, poll shows - how Brits responded in UK mapped
- Keir Starmer wants Labour to listen to critics of new anti-Semitism rules
- Taxed to death
- Image Gallery: Tax Havens
- How the Self-employment Tax Works
- Starmer on second EU referendum: sensible to keep ‘all options on the table’
- Johnson promises ‘good solution’ to backstop as he claims border proposals are 'preliminary ideas'
- Corruption Gutted South Africa’s Tax Agency. Now the Nation Is Paying the Price.
- Mill Creek: Potential new flood control tax a 'well-kept secret.'
- Get Ready to Say Goodbye to GM's $7,500 Electric Car Tax Credit
Inheritance tax imperils the people Keir Starmer claims to stand for have 297 words, post on www.telegraph.co.uk at June 2, 2023. This is cached page on Search. If you want remove this page, please contact us.