The family unit in England is eroding as we once knew it. If we look at a simple process, is raking in tax the reason.
Everyone, quite rightly, was encouraged by Margaret Thatcher to become property owners.
There are now countless millions out there co-habiting,or "living over the broom" as my gran would say!
Inheritance tax kicks in when an estate is over £300,000.
The rise in property prices is excluded from inclusion in the advertised rates of inflation, and guess what, the In. Tax threshold tends to go up by about the rate of inflation.
Property only passes free of I.T. to a spouse.
So it appears to be to the benefit of the Government to get us all to "live over the broom"
Or am I just too cynical?
2007-06-06
19:16:19
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8 answers
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asked by
Anonymous