The inheritance

2024 - 3 - 13

Shocking Poll Reveals 90% Want Inheritance Tax Cut!

Finance - Inheritance Tax - Taxation

Breaking news: High Net Worth Individuals demand a reduction in the dreaded Inheritance Tax!

In a surprising turn of events, the latest Saltus Wealth Index survey has uncovered a widespread sentiment among High Net Worth Individuals regarding Britain's Inheritance Tax. An overwhelming 90% of respondents expressed their desire for a significant reduction in this tax, with the proposed cut averaging at 20%. The findings have ignited a heated debate among the elite about the fairness and impact of this controversial levy.

The topic of inheritance tax has long been a contentious issue, sparking debates across economic and social spectrums. The call for a reduction in this tax by affluent individuals highlights a growing discontent with current financial regulations and their effects on wealth transfer. As discussions intensify, experts speculate on the potential implications of such a drastic change in tax policy and its broader consequences on the economy.

As the push for a cut in Inheritance Tax gains momentum, policymakers face mounting pressure to address the concerns raised by the affluent population. The survey results serve as a wake-up call for authorities to reevaluate the taxation system and its impact on wealth distribution. The coming months will likely see heated discussions and potential reforms in response to the resounding demand for change.

In light of the overwhelming response from High Net Worth Individuals, the future of Inheritance Tax remains uncertain. The survey's revelation of a staggering 90% consensus for a tax reduction underscores the significant influence of the elite in shaping financial policies. The debate surrounding this contentious levy is far from over, setting the stage for a potentially transformative shift in tax regulations.

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Image courtesy of "Daily Express"

Inheritance tax poll finds 90% want 'Britain's Most Hated Levy ... (Daily Express)

Data from the 5th Saltus Wealth Index showed that 90 percent of High Net Worth Individuals think IHT should be cut - on average, to 20 percent.

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Image courtesy of "Telegraph.co.uk"

Failure to cut inheritance tax to cost families an extra £53000 each (Telegraph.co.uk)

Over the next five years the Treasury will raise £42bn in death duties.

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Image courtesy of "Financial Times"

Inheritance tax shock for thousands of wealthy families (Financial Times)

More than 13,000 wealthy families faced surprise tax bills as high as £1.4mn on lifetime gifts, after the donor died within seven years of making the ...

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Image courtesy of "TaxAssist Accountants"

Inheritance Tax (TaxAssist Accountants)

Inheritance Tax is the tax paid on the value of a deceased person's estate. If it's an inevitability, what is the point in planning for it?

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Image courtesy of "FT Adviser"

Confusion over whether estates will be charged IHT (FT Adviser)

A quarter (25 per cent) of over 55s, equivalent to 5.2mn people, do not know if their estates will get charged inheritance tax, research from Canada Life ...

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Image courtesy of "Birmingham Live"

Thousands of bereaved families issued £53000 warning after they ... (Birmingham Live)

Families must pay inheritance tax if their loved one's estate is worth more than £325000 and the allowance hasn't changed despite inflation - with the rate ...

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Image courtesy of "Daily Express"

Should you save towards an inheritance for your kids? 4 in 10 ... (Daily Express)

Should you save towards an inheritance for your kids? 4 in 10 millennials think so · A third of millennials believe their inheritance is at risk due to parents ...

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