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Podcast: The Bunker – News without the nonsense
Episode: Inheritance Tax – Is everything we know about “Britain’s most hated tax” wrong?
Description: Read any paper to the right of The Guardian and you’ll see furious condemnation of “tax raids” on “grieving families”, and a Labour plot to destroy the Middle Class and farmers via the “hated” inheritance tax “trap”. Yet IHT makes up only 0.7% of Government revenue and fewer than 5% of people leave enough to be subject to it. Why is Britain neurotic about a tax that so few pay? And with huge inheritances and the Bank of Mum and Dad creating a two-tier society of those with family wealth and those without, should we want to increase IHT not cut it?
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