[Sephiroth]

Originally Posted by Mr K

The point you're missing OB, is that most of the wealth has come from massive rises in property values.

I'll be honest here. IHT is something I'm affected by, (currently going through probate for my mother). Yes my parents paid tax, but they bought their property for £6k, its now £600k. That's just luck.

I'd rather a chunk of tax was taken from my inheritance, so that if I ever need the services of the NHS ( we all will at some point), it's there for me. It certainly was for my parents in their final years, they got their money's worth there. Also I'd like UK plc to remain solvent as that's in my interest too.

As I said, total rubbish. How does the piddling 6 or £7 billion stolen mainly from working people dragged into IHT by the government make any difference to the country's solvency? They borrow more than £11 billion per month.

---------- Post added at 21:16 ---------- Previous post was at 21:15 ----------

Originally Posted by Damien

It'll impact like 3-5% of the population is what I read.

At some point, this country will need to fund a lot more social care. That's going to have to come from some taxes anyway. *Expanding* IHT is one of doing it.

Sunak thinks he is losing the next elections so he doesn't really have to worry about this kind of thing and will leave it to whoever is next.

So that's the justification to rob from ordinary people who have inherited their parents' homes? The very rich don't notice it (nor do they seem to die).