Quote:
Originally Posted by Pierre
I think you’re right in so far as we all pay tax on everything, probably multiple times without knowing it.
But, when it comes down to what you’ve actually earnt, After paying all those taxes, to give to your family. That’s when it’s an issue, that’s when it bites.
I do not believe inheritance tax, I shouldn’t be taxed when I’m dead.
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You couldn’t gift the money when alive on a tax free basis, whether you are alive or not seems a meaningless distinction.
I don’t actually think IHT is that great a tax either - the rich shouldn’t have to die to be taxed appropriately.