Bold=not the case - they are looking at tweaking inheritance levels,it's not policy.
Tweaking - is to put it mildly -
Tweaking - is to put it mildly -
Shadow Chancellor John McDonnell has described reforms to inheritance tax as (Image: GETTY)
Under the plans supported by Shadow Chancellor John McDonnell, inheritance tax would be replaced by “lifetime gifts tax”. The current scheme has a threshold of £475,000 0r £950,000 for couples, and 640,000 households of the 27.2million households in the UK pay the tax each year. But under the new plans, everything a child receives from their parents during life and death above £125,000 would be taxed.
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They are thinking about lowering it, given. What level do you think it ought to be?Tweaking - is to put it mildly -
Shadow Chancellor John McDonnell has described reforms to inheritance tax as (Image: GETTY)
Under the plans supported by Shadow Chancellor John McDonnell, inheritance tax would be replaced by “lifetime gifts tax”. The current scheme has a threshold of £475,000 0r £950,000 for couples, and 640,000 households of the 27.2million households in the UK pay the tax each year. But under the new plans, everything a child receives from their parents during life and death above £125,000 would be taxed.
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LBC today its under that sum even up to 2 grand....... labour are all over the place just the boost other parties needed ......
I think they're also thinking of building in interest-free loans to help cover those wanting to keep family homes.
Where does it mention the level of tax, and did you give her over 125k?
its not a bad level now with Gordon Browns 7 year rule impossible to fiddle .....but for life on a very low level, he is also going to tax people with gardens marxist idiot......
It was debated on LBC - that article has now been surpassed by 2 grand to your children......
Isn't it basing council tax on an abodes area? What's wrong with that?
So the threshold's zero, not 100odd thousand then?
