2007-03-28 00:37:41 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
I think that IHT boundary should be where it is at. All, it actually needs is a caveat to say £285,000 or the value of the principal property WHICHEVER the greater [i.e. if the house is £16M you can pass it on but any other assets will be required up to cover the tax bill up to the value of 40% minus the allowance - so if you've only got £1 in savings to go with the house you would have to pay that but nothing else as your IHT bill].
2007-03-28 04:16:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The tories might offer it to get people to vote for them.
2007-03-28 00:41:20 · answer #2 · answered by Ollie 7 · 0⤊ 0⤋
There are no official plans for it. we need the country to demand it. and abolition of stamp duty below £1m.
2007-03-28 00:57:16 · answer #3 · answered by ?Master 6 · 0⤊ 0⤋