{"id":75495,"date":"2017-12-30T14:00:06","date_gmt":"2017-12-30T07:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-need-more-inheritance-tax-not-less-patrick-collinson\/"},"modified":"2017-12-30T15:03:54","modified_gmt":"2017-12-30T08:03:54","slug":"we-need-more-inheritance-tax-not-less-patrick-collinson","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-need-more-inheritance-tax-not-less-patrick-collinson\/","title":{"rendered":"We need more inheritance tax, not less | Patrick Collinson"},"content":{"rendered":"


\nFew things are liable to cause more anger than proposing a hike in IHT. Yet that\u2019s just what the country needsThere is nothing more natural, we\u2019re told, than a parent\u2019s desire to leave money to their kids to ensure their security. And there\u2019s nothing that provokes more fury among the middle classes than the prospect of an average home, particularly in the south of England, being grabbed off them at death by the evil taxman. Except that it\u2019s a complete load of codswallop.A report on Saturday from the Resolution Foundation lifts the lid on what\u2019s really happening with inheritances. Firstly, let\u2019s call a halt to the nonsense that the money goes to kids, or to young adults needing a hand up the property ladder. The average age at which someone receives an inheritance is 61. These people are certainly not \u201ckids\u201d \u2013 indeed, many of the recipients of unearned inheritances (largely created by property inflation, not personal endeavour) will be grandparents themselves. Continue reading…
\n
\nSource : theguardian.com
\nRead more…We need more inheritance tax, not less | Patrick Collinson<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Few things are liable to cause more anger than proposing a hike in IHT. Yet...<\/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-75495","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-jDF","jetpack-related-posts":[{"id":38197,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-wife-wants-to-protect-our-childrens-inheritance-if-i-remarry-after-her-death\/","url_meta":{"origin":75495,"position":0},"title":"My wife wants to protect our children's inheritance if I remarry after her death","date":"December 15, 2016","format":false,"excerpt":"\r She is concerned that if she pre-deceases me and I remarry, our children may not inherit our houseQ I have a genuine problem which is causing a problem in my marriage. I married my wife over 20 years ago. When we met, she already had three children by a\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":75495,"position":1},"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":[]},{"id":139360,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-ditching-inheritance-tax-make-british-society-a-fairer-place-letters\/","url_meta":{"origin":75495,"position":2},"title":"Will ditching inheritance tax make British society a fairer place? | Letters","date":"September 28, 2023","format":false,"excerpt":"\r Richard 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inheritance-tax-why-the-new-duke-of-westminster-will-not-pay-billions\/","url_meta":{"origin":75495,"position":3},"title":"Inheritance tax: why the new Duke of Westminster will not pay billions","date":"August 11, 2016","format":false,"excerpt":"\r The fact that Hugh Grosvenor\u2019s estate is held in a trust means that his \u00a39bn inheritance is likely to remain largely intactHad the Grosvenor estate bequeathed to the new Duke of Westminster been liable for 40% inheritance tax, the amount owed to the Treasury would have been not far\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119435,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/french-bank-charges-on-inheritance\/","url_meta":{"origin":75495,"position":4},"title":"French Bank Charges on Inheritance","date":"December 4, 2020","format":false,"excerpt":"\r Bank charges in connection with an inheritance vary enormously, and delays in accessing an account can also be substantial.\r \r Source : french-property.com\r Read more...French Bank Charges on Inheritance","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9970,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inheritance-planning-and-the-risks-of-low-valuation\/","url_meta":{"origin":75495,"position":5},"title":"Inheritance Planning and the Risks of Low Valuation","date":"April 5, 2016","format":false,"excerpt":"\r Particular care is needed over the valuation of property when seeking to minimise liability to inheritance tax in France.\r \r Source : french-property.com\r Read more...Inheritance Planning and the Risks of Low Valuation","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\/75495"}],"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=75495"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75495\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=75495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=75495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=75495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}