Inheritance tax pain hits more families
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Stephen Davies writes for CapX
Tom Clougherty quoted in The Telegraph
Tom said:
“For the amount of revenue it raises, inheritance tax is an extraordinarily costly levy – both in economics terms and in terms of the stress it causes bereaved families.
“In an ideal world, we would simply abolish inheritance tax, while making some sensible changes to capital gains tax that would offset some of the revenue loss.
“Failing that, I would like to see a straightforward £1m inheritance tax threshold, linked to inflation going forward.”
Read the full article here or in The Daily Telegraph (03/02/2024)