Tax and Fiscal Policy

Inheritance tax pain hits more families


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Economics
In the Media

Christopher Snowdon quoted in The Sunday Post

Tom Clougherty quoted in The Telegraph

IEA Executive Director Tom Clougherty has been quoted in The Daily Telegraph commenting on thousands more families being forced to pay inheritance tax because the thresholds have not been changed to keep up with inflation since 2009.

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)



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