Out of interest, how many people have income below the minimum threshold have estates large enough to pay IHT?
Similarly to your argument, why not spend the money whilst you're alive, so no IHT on death?
My big beef with IHT is that the mega wealthy can afford the accountants to ensure they...
IHT frequently doesn't involve paying tax on money that's already had tax paid on it.
For example, if you had bought your city boy fat cat mansion 20 years ago in Docklands for £200k, and you now die and it's worth £2 million, you haven't paid any tax on the increase in value, similarly on the...