JohnB wrote:IHT allowances for houses drive up their prices as it makes them a more valuable asset.
I had to smile about comments on taxes on wealth creators. IHT reduces the sums available to beneficiaries, who created none of the wealth...
At the point of gaining the inheritance maybe but then. They might use it to start up a business or to go to higher education and get a better job that pays more tax.
Even if they waste it on booze and fancy cars there is vat.
There is a bigger picture and I wonder what that is over the longer term. Even stopping them from having to claim benefits or get them off the council house waiting lists. It not all negative.
I don't like the idea of that tax although I have no plans to pay it. Ts more likely that the care home tax or a series of world cruises, better and cheaper care will get me.