Help me. Vote here to abolish inheritance tax. This petition will go to Tony Blair.?

Question

Anybody in the UK who leaves in excess of £285,000 (including their property), now has to pay 40% in tax to the Government.

You can protest about this by either texting 0901 013 1501 YES
OR, 0901 031 1502 NO. This campaign is being led by The Daily Express on our behalf.

When I die, I do not want my kids to lose money, which, should go to them, as opposed to the Government. We are in effect being taxed twice, once when we earn it, and again when we die.

It is no longer, only the rich that pay this tax. 4 out of 10 households now pay it.

If we all vote, then the Government must listen. Stop them taking your money by voting now.

Officials a Downing Street have agreed to respond to any peition.

In addition, you can go to the following website, to see how the tax will apply to you. www.express.co.uk

Last year a similar petition was hand to Gordon Brown which had over 1 million signatures. Help me get rid of this unfair tax.

It's great recieving your backing, but everybody needs to vote. Do this by either E-Mail or texting.

Franco, whoever you are? I don't need to be lectured or abused by you about taxes. I work in finance in the City every day of the week

There were over 1 million petitions handed into Downing Street last year, about this tax. The Daily Express are running the same campaign, now, as they did then. Perhaps you ought to adress your comments about amateurism, to them.

You don't understand that you are being taxed twice! Once, when you earn money in your paypacket and that same money is taxed again in IHT when you die!

Property prices have far outstripped inflation. The Government has slyly refused to keep thresholds rising in line with property prices. I vote for a political party at the election and I expect them to put the necessary taxation policies in place. However, I have the right to object, to it's application, which is what I am doing.

This tax was never meant to hit middle England. Soaring property prices mean that 4 out of 10 people will pay this tax. Thats not fair.

Answer 1

You could all just move to the Isle of Man where our government has a higher rate of income tax at 12% instead of 40% in the UK. No inheritance tax, no capital gains tax, the list is quite long really. Anyway why should you just be given something by your parents and not pay tax, I will be due to inherit 12 properties when my dad dies or the money generated from the sale of those properties, that is about £4mil in assets that I have not worked for myself it is all my dads hard work, whereas I have mates who will inherit nothing because their dad ran away when they were born or they actually don't have anything to inherit, I think it's a little unfair, do you not? Anyway my point is that living on the Isle of Man I will receive that stuff for doing absolutely nothing. My Dad does not think like me however and actually moved here for the lack of Inheritance tax.

Answer 2

Hmm, I've banged on about this before. How can it be fair that you work and struggle all of your life, pay taxes all the way and then get taxed again when you die!!!

Disgusting, already written. I wish I believed it would do any good. The sad fact is that due to rising property prices, more people are falling into the inheritance tax bracket. Is the government really going to do anything about it??? Don't think so, it's a nice little earner.

Answer 3

Sorry to say your arguments are one-sided and amateurish.

No one likes paying tax and so most of the people who wrote here support you. But the logic of IHT is reasonably based. The country needs money to keep going in the style to which its has been accustomed and must get it one way or another. If you object to having this tax you must either say how we can do without the revenue it brings, or which other tax we should increase to compensate. It seem to me that taxing inherited wealth is fairer than taxing income from one's work or savings.

The only concession I make to you is that the IHT allowance of £285,000 is far too low and should be raised to £1million. I do not think offspring should have to sell the home they were born in. The loss to the Exchequer could easily be compensated by reducing expenditure on arms, so that we are less inclined to destroy countries every couple of years in order to rebuild them 2 months later. You think an infra structure like Iraq's can be rebuilt for nothing?.

Answer 4

You have my support on this. I have a friend whose son is severly disabled(she is his full time carer) and as part of a out of court settlement the court of protection have helped her get a house for her and her son, weve done the math, she not independently wealthy. Her son, has a short life expectancy, when he dies she will have to sell the house to cover the death duties and solicitors. Leaving her homeless as any remaining monies would be divided between her and her ex.
I will check out the web sites youve given too.

Answer 5

Totally agree with everything you have said, i am fed up of this Government and previous taxing us up to the hilt, you can count on me to vote.

Answer 6

who do I email as my phone wont accept 090 numbers...?

..completely agree with you... it means that if parents die the children will HAVE to sell the family home just so they can afford to pay the council's inherritance tax... it's disgusting... they've already lost their loved ones and now they have to lose the family home and all the memories that go with it.

Answer 7

you have my vote