Do you want to save money? This affects everybody.The Daily Express inheritance tax petition rolls on.?

Question

As before, This Newspaper has begun a campaign to Gordon Brown on our behalf, to scrap this unjust tax.

Add the price of your property, to your savings including, PEPS and ISA’s.
Add on the price of all goods in your ownership. Amounts exceeding £285,000, will be taxed, at 40% on your death.

Blair receives regular updates on the number of protests, on this wesite as votes for its abolishment arrive in Downing Street.

Within a few days, the Downing Street website to scrap this unfair tax has become one of the fastest growing ever, on the Downing Street website.

1/ Go to the daily Express website at www.express.co.uk/inheritance and click on the flashing link to the Downing Street petition

2/When the petition appears, fill in your details. Then, answer the confirmation Email, that will be sent to you moments later.

This petition is said to be one of the most important political campaigns of the year.

Have you joined it?

Footynutg - You have not read the question. Once you have inherited £285,000, anything above that is taxed at 40%!
Not "millions" as you have stated!!!!

I suggest that you comprehend the question, before you reply in future. Go back and read it.

Answer 1

I DON'T FEEL SORRY FOR ANYONE WHO AS ASSETS OF OVER TWO HUNDRED AND EIGHTY FIVE THOUSAND POUNDS, THEY HAVE HAD A GOOD LIFE STYLE AND ABLE TO AFFORD GOOD CARE IN THE LATER YEARS,DO THESE PEOPLE THINK THEY CAN LEAVE THIS WORLD AND TAKE THERE ASSETS WITH THEM OR LEAVE IT TO THERE CHILDREN WHO HASN'T EARNED IT

Answer 2

The fact is that the government has to raise money from tax somewhere and if it was not from inheritance tax it would be from somewhere else. Inheritance tax is easy to avoid. Simply give away your excess assets to those you want to have them while you are alive and live for 7 years. It's called a "potentially exempt transfer". If you cannot bear to do that leave the excess over the nil band [which is going up to £325000 I think] to charity which is wholly exempt. It really is a tax on greed applied when you should not care; when you are dead. The advantage is though that it is fairly easy to collect as the effects in the will do not get distributed till the tax is settled.

We do not pay nearly enough tax in UK which is why the services struggle along. Wouldn't you really like all the pensioners to have excellent pensions and to be looked after properly? Wouldn't you like the health service to work better and not have to cut staff to balance "budgets"? Wouldn't you like more police and zero tolerance of crime? We could have it....

Answer 3

Sounds like a good idea, but there has to be a cut off point somewhere.

Yes, I agree the threshold is too low at the moment, but where do you draw the line?

Do you really think someone who is inheriting millions of pounds should not pay any tax?

So where should this threshold be?

Answer 4

I thought that they already did & won this, to stop the stupid tax.

Answer 5

Thanks