Inheritance Tax is ‘a Lot of Time, Money, and Effort’ Wasted
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Tom Clougherty quoted in The Express
Tom said:
“As well as being widely hated, inheritance tax is an inefficient source of revenue, introducing big deadweight costs and behavioural distortions into the tax system. In straightforward terms: a lot of time, money, and effort is wasted on trying to plan around complex IHT rules.
“In an ideal world, it would definitely be scrapped, as part of a wider reform of taxes on property, savings, and investment.”
Read the full article here.