{"id":139360,"date":"2023-09-28T22:35:10","date_gmt":"2023-09-28T15:35:10","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-ditching-inheritance-tax-make-british-society-a-fairer-place-letters\/"},"modified":"2023-09-28T22:45:55","modified_gmt":"2023-09-28T15:45:55","slug":"will-ditching-inheritance-tax-make-british-society-a-fairer-place-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-ditching-inheritance-tax-make-british-society-a-fairer-place-letters\/","title":{"rendered":"Will ditching inheritance tax make British society a fairer place? | Letters"},"content":{"rendered":"


\nRichard Cooper, Miles Dean, Mike Holland and Timothy A Millea on the merits or otherwise of IHTScrapping inheritance tax sounds like a costly mistake, but it\u2019s a noble idea (Scrapping inheritance tax would cost \u00a315bn a year by 2032, says IFS, 27 September). If all personal income, including legacies and gifts, were taxed like wages, someone on an average income would pay the marginal rate, 20%, on a small legacy, but a company director on a salary of \u00a3150,000 would pay the top rate, 45%. Abolishing the \u00a3325,000 tax-free allowance and levying income tax on legacies instead would make up for the revenue lost from scrapping inheritance tax several times over.Perhaps we could consider equalising the tax taken from wages, pensions, dividends, capital gains and legacies. I can\u2019t find a fag packet to do the calculation, but I reckon this might provide the missing \u00a3350m a week promised for the NHS.Richard CooperChichester, West Sussex Continue reading…
\n
\nSource : theguardian.com
\nRead more…Will ditching inheritance tax make British society a fairer place? | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Richard Cooper, Miles Dean, Mike Holland and Timothy A Millea on the merits or otherwise...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-139360","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-AfK","jetpack-related-posts":[{"id":10182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tories-1m-inheritance-tax-break-aimed-at-wealthier-households\/","url_meta":{"origin":139360,"position":0},"title":"Tories\u2019 \u00a31m inheritance tax break aimed at wealthier households","date":"March 17, 2015","format":false,"excerpt":"\r Sensitive papers reveal plans that would allow parents to pass a main property worth up to \u00a31m to their children without paying any inheritance taxGeorge Osborne has drawn up plans that would allow parents to pass a main property worth up to \u00a31m to their children without paying any\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50590,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-no-dodging-death-but-inheritance-tax-relief-could-save-1m\/","url_meta":{"origin":139360,"position":1},"title":"There\u2019s no dodging death \u2013 but inheritance tax relief could save \u00a31m","date":"April 1, 2017","format":false,"excerpt":"\r The new residence nil-rate band (RNRB) is for homes bequeathed to descendantsA new inheritance tax (IHT) allowance is being introduced this month, available to people who want to\u00a0pass on their home to family members.Some experts have described the allowance as a boost to those who have seen their properties\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46659,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-uk-property-taxes-threaten-to-take-a-toll-on-investors-in-the-uae\/","url_meta":{"origin":139360,"position":2},"title":"New UK property taxes threaten to take a toll on investors in the UAE","date":"March 5, 2017","format":false,"excerpt":"\r Sweeping UK property tax changes being introduced next month could leave UAE investors out of pocket.From April 6, the UK government will put in place a new set of tax changes likely to make it more expensive for many international investors to rent out homes in England and Wales.Under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46651,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-uk-property-taxes-threaten-to-take-a-toll-on-investors-in-uae\/","url_meta":{"origin":139360,"position":3},"title":"New UK property taxes threaten to take a toll on investors in UAE","date":"March 5, 2017","format":false,"excerpt":"\r Sweeping UK property tax changes being introduced next month could leave UAE investors out of pocket.From April 6, the UK government will put in place a new set of tax changes likely to make it more expensive for many international investors to rent out homes in England and Wales.Under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119321,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hongkongers-rush-for-uk-property-beware-of-this-40-per-cent-inheritance-tax-pain\/","url_meta":{"origin":139360,"position":4},"title":"As Hongkongers rush for UK property, beware of this 40 per cent inheritance tax pain","date":"November 24, 2020","format":false,"excerpt":"\r UK property continues to benefit from strong interest from foreign investors, especially those from Hong Kong seeking a path to citizenship. London, specifically, has always been attractive, as it consistently features among the top three cities in the world for prime property investments.\r\rAsian investors are driving this trend, as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-search-of-a-fairer-system-of-taxation-letters\/","url_meta":{"origin":139360,"position":5},"title":"In search of a fairer system of taxation | Letters","date":"November 9, 2018","format":false,"excerpt":"\r Readers respond to Polly Toynbee\u2019s suggestion that the inability to raise tax has become Britain\u2019s political diseasePolly Toynbee\u2019s suggestion that higher taxes for all are inevitable (The refusal to raise tax has become our national disease, 6 November) ignores numerous different approaches, changes in priorities and potential savings that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139360"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=139360"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139360\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=139360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=139360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=139360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}