I have always thought that inheritance tax needs adjusting so that people on average and middle incomes who have found themselves (because of the rises in propety values) likely to become subject to this tax which was originally, only intended to affect the real super rich.Originally Posted by Win2Win
When the housing bounces back, a lot of old folk will be back in your 'super rich' bracket then
The tories are going to scrap it completely which, although it will help some old folk and people on average incomes, the real winners will be the ones who can well afford to pay this tax, the super rich.
In the end Mr and Mrs average will have to pay more tax in other areas to make up for what Cameron and his cronies are going to give away to their rich friends and supporters.
