longtomsilver Posted May 23, 2011 Share Posted May 23, 2011 The reason I feel inheritance tax should be 100%, care should be free (what was NI for) and a reset button should be hit with every generation re. house prices and same life chances as our parents. High house prices foster bad relationships between siblings and siblings and their parents as the young secretly wish the older generation kick the bucket sooner in order that they can flog the home to afford their own. UK sucks. Link to comment Share on other sites More sharing options...
MC Fur Q Posted May 23, 2011 Share Posted May 23, 2011 That's stupid. We may as well all plan our retirements around dieing with nothing. What a bizarre post. 2am must have been a bit gloomy for you today. Link to comment Share on other sites More sharing options...
Number79 Posted May 23, 2011 Share Posted May 23, 2011 probably one of the daftest posts that I have ever seen - and I see lots at american sites I do hope, that given the time, there was alcohol involved. Link to comment Share on other sites More sharing options...
thod Posted May 23, 2011 Share Posted May 23, 2011 To be consistent, it should be treated as just another source of income. With the current top tax rate at 50%, and it all coming in one year, the inheritance would attract this rate. If you give a lump sum as a gift to anyone else, they have to pay tax on it. The argument that the parent has already paid tax in invalid since that is true of every pound everyone has. We tax individuals and not families. You can be sure that there would be grumbling if we combined man and wife income as a single entity putting them into the top tax bracket. The rule that capital gains on the main house sale be tax free is similarly bizarre considering almost every other asset attracts CGT. Link to comment Share on other sites More sharing options...
happy_renting Posted May 23, 2011 Share Posted May 23, 2011 That's stupid. We may as well all plan our retirements around dieing with nothing. If you have no-one who you want to leave money to, dying penniless makes perfect financial sense. Think about it. Link to comment Share on other sites More sharing options...
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