A combined £600,000 IHT threshold for husband and wife or civil partners was already possible by effective tax planning.
There is no tax change there, only a punishment to those who paid for complex wills to be drawn up, which excluded me.
It seems to me that IHT is a regressive tax, rigourously collected, at a time when relatives are still grieving.
Surely, it is more civilised to levy and collect taxes from the living, allowing the more responsible, who prefer to save and provide for their offspring rather spend the kid's inheritance, the opportunity to do so. The tax uptake can be the same, but the latter option is inately more progressive.
Further, many individuals feel discriminated against by the existing IHT regulations. What about single people?
What about the increasing numbers of couples who decide to co-habit, and choose not to marry? What about individuals who were married and are now divorced? What about couples currently married who subsequently divorce?
2007-10-24
16:24:06
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7 answers
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asked by
Stephenson1
1
in
United States