Property News · April 28, 2018

Inheritance tax: can it be the answer to wealth inequality?


Reports say we should use it to redistribute between generations – could we ever grow to love it?It is Britain’s most hated tax, yet hardly anyone pays it. Until recently, this paradox appeared to make raising more money from inheritance tax a no-go zone. Yet leading thinktanks are now talking about it as a way to deal with some of the most burning questions on the minds of middle-class families.Baby boomers have unprecedented stashes of wealth tied up in their properties, yet their children and grandchildren are paying sky-high rents from squeezed incomes, and struggle to raise a deposit for a flat. Continue reading…

Source : theguardian.com
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