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When I started this whole inheritance tax debate earlier in the week, I was unaware of the ease in which the super rich could hide from this tax (as well as all the other ones). But I do refuse to believe we couldn't close at least some of these loopholes. It would be nice if the Royals were...

You do, however, have a MOTOR that Stephen Ireland would be proud to be seen in. :thumbsup:

That's probably true. So how do you disguise real estate?

I like that. But what about if your workplace insists on using this crock of shìt?

The bit I've highlighted is complete and utter tripe. Totally laughable. Good grief. :nono: Tax is a part of civilised society. If you don't like it, I guess you could always go and live in Haiti or some other third world dump? Let's ne clear about this: If you leave an estate of...

Not really, no. And in any case, where would you add tax to make up for the shortfall? Income tax? Penalise hard work. VAT? Horribly regressive.

I do agree that 6 months isn't long enough. I'd have thought a grace period of one tax year might be fairer.

When someone dies there is money on the table. No tax means a chosen handful get to keep it despite not earning it. Tax means ALL of us get a slice of a slice of the pie whereas the chosen handful only get most of it. Why shouldn't a massive capital gain (such as a family home) be taxed? Why...

[emoji38]ol: At least the government are accountable if it does.

Yes you've made that point already. And just because you've added numbers to your point, it doesn't mean I'm going to agree with your view that it is "totally wrong" at all. Firstly, the government is only taking that second bite because you are not going to need it anymore. Secondly, the...

Yes, except that's not an accurate portrayal of how your taxes are spent. See post #28 for a typical breakdown of how £4700 gets spent in this country. Of course there is waste and always will be, but I've got no doubt your kids would waste a portion of that £4700 if they pocketed it all...

I've never given it much thought. It's a moral issue for me.

Because it does nothing to address the wealth distribution problem we have in this country. I don't care that it is money that has already been taxed. What difference does it make if every £1 in tax is paid for by 80p income tax and 20p inheritance tax or 90p income tax and 10p inheritance...

You're ignoring the very real problem we have of wealth distribution in this country. The point you've just made is a feeble straw man argument I'm afraid. Your money wouldn't be going to the government for doing fck all. It would be going to the tax coffers of the country where it would be...

How does it penalise YOU? You're dead, remember. It doesn't penalise anyone. That's the whole point. And I don't really have much sympathy for the anecdoatal example of your brother not being able to buy his own house - well, I do but no more than anybody else who can't afford it. That's...

Don't be so soppy. Of course they'll be worth more than that. As it is, my kids stand to inherit all £375k plus 60% of anything on top. That's quite a lot of money to receive for doing fck all.

No, it's a terrible thing. There have been many measures taken to assist with redistribution of wealth since before Dickensian days (when everyone was on the breadline except the filthy rich): forming unions and the right to strike, minimum wage, income taxation, a free NHS and so on. But by...

My main worry is that he'll raise the inheritance tax threshold. A horrible policy IMO and one that the lily-livered Lib Dems should be blocking. However, he can certainly lower income tax for all I care.