Jeremy's Blog - 11th June 2020
Inheritance Tax is estimated to have raised £5.1 billion in 2019/20, less than half the yield from SDLT, making it one of the UK’s smaller taxes but touching very sensitively on individuals and families. Its tax take has been rising, largely on the back of rising house prices bringing more people into its net. Some countries have abolished it and George Osborne’s offer in 2007 of a £1 million Nil Rate Band between a couple was enough to deter Gordon Brown from holding an election. In...