A pledge to abolish inheritance tax would be an irresponsible measure
The IndependentInheritance tax is the Conservatives’ “smash glass in case of emergency” button. That the prime minister is thinking about a promise to abolish inheritance tax for his election manifesto is a measure of his desperation. Mr Sunak would appear to be similarly spooked by Labour’s electoral prospects, but there is no guarantee that a promise to cut or abolish inheritance tax would be similarly successful. If people understand that most homes worth less than £1m are exempt, that inheritance tax is paid by fewer than one in 25 of the population and that it raises a useful £7bn a year, attitudes tend to become less adverse, especially when prompted with the question: what tax rises or public spending cuts would you prefer instead? Every time a shadow minister as much as raises an eyebrow to disapprove of a government policy, the Tory attack is the same: “If your policy is different, how would you pay for it?” If the Conservatives promise to abolish inheritance tax, they will be asked: “How will you pay for it?” And every answer they can give will confirm that the country will be better off keeping inheritance tax and maintaining sound public finances.
History of this topic
My 250-acre farm has been in our family for four generations, but we now face a £400,000 inheritance tax bill and may be forced to give it up... this is the final nail in the coffin
Daily Mail
Budget contains broken promises which will hit working people, Sunak claims
The Independent
Inheritance tax already up 10 per cent as Reeves looks to squeeze levy in Budget, official figures show
The Independent
Labour’s lost love for our cultural heritage
The Independent
Rachel Reeves warned inheritance tax plans will backfire
The Telegraph
Starmer’s blueprint for a tax war on pensioners
The Telegraph
Labour considering inheritance tax raid to ‘redistribute’ wealth
The Telegraph
Labour could impose ‘double death tax’, Jeremy Hunt warns
The Telegraph
Inheritance tax: An economic blunder
New Indian Express
The case for inheritance tax: Combating inequality and promoting social mobility
The Hindu
Inheritance tax could nullify India's decade of progress, says Nirmala Sitharaman
The Hindu
Inheritance tax row: Nirmala Sitharaman warns India ‘will go back to era when Congress imposed…’
Live Mint)
Cong ki loot zindagi ke saath bhi, zindagi ke baad bhi: WATCH PM Modi react to Pitroda's inheritance tax remark – Firstpost
Firstpost
The chances of a Labour landslide are diminishing by the day
The Independent
Rishi Sunak ‘considering scrapping inheritance tax’ ahead of general election
The Independent
Boris Johnson demands inheritance tax cut for baby boomers to pass down ‘colossal’ wealth
The Independent
Jeremy Hunt considering squeezing benefits while cutting inheritance tax
The Independent
No 10 ‘considers scrapping inheritance tax’ in bid to save Tory seats
The Independent
Labour consider inheritance tax rise in further raid on middle classes
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