Should We Abolish Inheritance Tax?

I would rather the loopholes were closed that let people like Rishi Sunak's billionaire wife avoid paying inheritance tax

With the ridiculous price of property then it could push your estate into the inheritance tax liability. It seems unfair that you pay tax on your whole working life then death.

Well they tax us on absolutely everything when we're alive, so to take even more when we are dead is no surprise

Not abolish but raise the threshold. I don't see why the super rich shouldn't pay.

PS you asked this a few months ago and so have 4 others

You are darn right we should, I mean what right do the government have on something left to us by loved ones. It's their dying wishes and unless they love their government so much they wish to leave something to them in their will I think they should keep their thieving hands off it and show some respect.

Increase the limit. It was introduced to control the super rich wealth which needs to continue. Standard working class shouldn’t have to double pay tax on what they leave behind. Taxed when alive then again 6 feet under! Plus to help give relatives the desperately needed boost onto the property ladder.

If everyone stays in rented into retirement we are heading for a Crisis as no way will the state pension cover the rent. Plus many do not have a private pension

Raise the threshold and include all assets home and abroad for calculation.

This reminds me of.

If I was rich I would give most of my money to the poor.

But instead I'm poor so I give most of my money to the rich.

Yes! It should be abolished!

There is scope for raising the threshold at which it gets paid but with the mess the county is in it feels a low priority for most people. Lets sort out the basics first - the recent cut in National Insurance will see many lower paid workers worse off as they end up paying more tax as the tax threshold that people start paying tax hasn't risen for ages. lets actually start looking after the lower paid for a change

Yes,

Ive worked since i was 15 (10 if you count all my night jobs and paper rounds) why should my heirs pay tax on money I’ve already paid tax on when the likes of the Duke of Westminster and the Duke of Northumberland don’t? Their wealth wasn’t earned it was given to them, I’ve earned every penny, I’ve now got to an age where I’m more worried about what’s going to happen when I die instead of enjoying my last years,,

Yes I agree it should be abolished. The amount taken is definitely unfair!

Inheritance tax?

Never got and neither will I make that much.

Spend as we earn for me

Many countries have no inheritance tax including Australia.

Australia hasn't imposed inheritance taxation for over 40 years or New Zealand or Canada or Estonia or Mexico or Hong Kong or Macau or Singapore and many more countries. If their governments can do it why can't ours? Just another tax to unwisely waste.

if the property has been paid for by income that has already been taxed, it seems unfair.

This is the stupidest take for a figure that should be celebrated as a positive that there is more tax for that our failing public services desperately need