Published On: Tue, Nov 5th, 2019

‘Cruel’ inheritance tax is devastating grieving families – 'Forcing them to deal with it!'

Campaign Manager for TaxPayers’ Alliance, Duncan Simpson, spoke to about the “very unpopular” inheritance tax. Inheritance Tax is paid when a person’s estate is worth more than a certain amount when they die. A YouGov poll found that 59 per cent of British people thought it was “unfair”. Mr Simpson agreed with this assessment, adding that it was “very cruel” to grieving families and could only be resolved by being abolished.

He told “I think it’s fundamentally a very unfair tax.

“You’re demanding of families who are, one, having an understandably very difficult time grieving for relatives.

“But additionally are already dealing with a lot of elements of bureaucracy and changes which the government are forcing upon them, such as probate, arranging land registry fees, death certificates, various items which have to be dealt with upon the death of a loved on.

“And then, lo and behold, there’s this rather large inheritance tax bill.”

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He continued: “It is, understandably, a very, very unpopular tax.

“Fundamentally, you’re being charged after you’ve died on something which you’ve almost certainly paid tax on at least two occasions.

“From when you had the income in the first place, and, if, for example, you’re selling an asset later on in life, there will be capital gains tax, which is then transferred into cash or securities subsequently.

“Then you’re potentially facing a 40 percent tax charge above the inheritance tax threshold, so that’s one bad side.”

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