{"id":45960,"date":"2017-03-01T02:17:24","date_gmt":"2017-02-28T19:17:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cutting-inheritance-tax-now-exposes-a-warped-sense-of-priorities-rachel-reeves\/"},"modified":"2017-03-01T02:31:38","modified_gmt":"2017-02-28T19:31:38","slug":"cutting-inheritance-tax-now-exposes-a-warped-sense-of-priorities-rachel-reeves","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cutting-inheritance-tax-now-exposes-a-warped-sense-of-priorities-rachel-reeves\/","title":{"rendered":"Cutting inheritance tax now exposes a warped sense of priorities | Rachel Reeves"},"content":{"rendered":"


\nThis 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 that there is a new certainty: that death means far lower taxes for the wealthy.It was George Osborne who was behind the deeply flawed plan, to be implemented by 2020, to cut inheritance tax (IHT) to let a couple in a \u00a31m home avoid paying a penny in death duties. The plan would cost an estimated \u00a31bn, and the former chancellor promised to gradually lift the IHT threshold from its current \u00a3325,000 per person to \u00a3500,000. The phased changes of this iniquitous and ill-conceived plan are due to start in April. It is a tax break for a wealthy elite, at a time when the NHS faces a cash crisis and the government is moving to cut \u00a33.7bn in disability benefits from the most vulnerable in society. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Cutting inheritance tax now exposes a warped sense of priorities | Rachel Reeves<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This plan to help the wealthiest will entrench the north-south divide. Philip Hammond should dump...<\/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-45960","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-bXi","jetpack-related-posts":[{"id":22648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/five-common-inheritance-tax-myths-exploded\/","url_meta":{"origin":45960,"position":0},"title":"Five common inheritance tax myths exploded","date":"September 8, 2015","format":false,"excerpt":"\r Progressive 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\u2026","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":45960,"position":1},"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":45960,"position":2},"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":45960,"position":3},"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":21324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-prices-lift-inheritance-tax-receipts\/","url_meta":{"origin":45960,"position":4},"title":"House prices lift inheritance tax receipts","date":"July 29, 2016","format":false,"excerpt":"\r Estates in London and South East responsible for nearly half the annual IHT bill\r \r Source : ft.com\r Read more...House prices lift inheritance tax receipts","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":45960,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45960"}],"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=45960"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45960\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=45960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=45960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=45960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}