{"id":22648,"date":"2015-09-08T13:00:12","date_gmt":"2015-09-08T06:00:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/five-common-inheritance-tax-myths-exploded\/"},"modified":"2016-08-11T22:27:40","modified_gmt":"2016-08-11T15:27:40","slug":"five-common-inheritance-tax-myths-exploded","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/five-common-inheritance-tax-myths-exploded\/","title":{"rendered":"Five common inheritance tax myths exploded"},"content":{"rendered":"


\nProgressive or punitive, inheritance tax divides opinions. Harvey Jones takes a look at a tax that is a political minefield and a moral mazeTo some, inheritance tax (IHT) is the most hated tax in Britain. To others, it is an engine of social fairness and wealth distribution. And to George Osborne it is a political weapon of astonishing power. The chancellor\u2019s pledge in 2007 to raise the IHT threshold to \u00a31m arguably changed recent political history by scaring the then prime minister Gordon Brown into postponing an election that Labour might have won. In his emergency budget in July 2015 Osborne finally delivered on that pledge, and made the tax even more complex in the process. IHT isn\u2019t just politically controversial, it is also widely misunderstood and the subject of a number of myths. Here are five of the biggest. Continue reading…
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\nSource : theguardian.com
\nRead more…Five common inheritance tax myths exploded<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Progressive or punitive, inheritance tax divides opinions. Harvey Jones takes a look at a tax...<\/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-22648","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\/p75ss1-5Ti","jetpack-related-posts":[{"id":45960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cutting-inheritance-tax-now-exposes-a-warped-sense-of-priorities-rachel-reeves\/","url_meta":{"origin":22648,"position":0},"title":"Cutting inheritance tax now exposes a warped sense of priorities | Rachel Reeves","date":"March 1, 2017","format":false,"excerpt":"\r This plan to help the wealthiest will entrench the north-south divide. Philip Hammond should dump it and channel the money to early years childcareThere is nothing certain in the world except death and taxes, according to the old proverb. But, unless the government sees sense, we could soon find\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53800,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-make-the-most-of-new-inheritance-tax-rules\/","url_meta":{"origin":22648,"position":1},"title":"How to make the most of new inheritance tax rules","date":"May 5, 2017","format":false,"excerpt":"\r New allowance revives David Cameron\u2019s pledge to raise IHT threshold to \u00a31m\r \r Source : ft.com\r Read more...How to make the most of new inheritance tax rules","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149908,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-new-uk-rules-on-pension-inheritance-may-mean-for-you\/","url_meta":{"origin":22648,"position":2},"title":"What new UK rules on pension inheritance may mean for you","date":"March 22, 2025","format":false,"excerpt":"\r Most workplace pensions will attract inheritance tax from 2027, so older people should consider their optionsRich retirees splashing pension lump sums to avoid \u2018IHT raid\u2019At the moment, pensions tend to be outside people\u2019s estates for inheritance tax (IHT) purposes. But last autumn Rachel Reeves announced that money left in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10672,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inheritance-tax-how-much-how-you-pay-it-and-how-to-reduce-it\/","url_meta":{"origin":22648,"position":3},"title":"Inheritance tax \u2013 how much, how you pay it, and how to reduce it","date":"February 4, 2013","format":false,"excerpt":"\r Inheritance tax (IHT) becomes an issue when someone dies. It is a one-off tax paid on the value of the deceased's estate above a set threshold \u2013 currently \u00a3325,000.The tax is set at 40% of any value over that threshold, reduced to 36% if more than 10% of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22662,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wine-investors-may-face-inheritance-tax-timebomb\/","url_meta":{"origin":22648,"position":4},"title":"Wine investors may face inheritance tax timebomb","date":"October 5, 2010","format":false,"excerpt":"\r UHY Hacker Young says many investors have been wrongly advised about how wine is valued during IHT assessmentWine proved as resilient as gold during the recession \u2013 investors consider it inflation-resistant and there is pleasure in drinking it if all else fails \u2013 but many investors in wine could\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15450,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-fear-inheritance-tax-your-cash-will-all-be-gone\/","url_meta":{"origin":22648,"position":5},"title":"Why fear inheritance tax? Your cash will all be gone","date":"June 4, 2016","format":false,"excerpt":"\r Research by Prudential shows less than 30% of people expect to be able to leave anything to their heirsTwo of the most enduring myths in personal finance are that (a) people work their guts out to pay for a home that jumps in value to hundreds of thousands of\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\/22648"}],"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=22648"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22648\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=22648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=22648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=22648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}