Member of the Question Time (9 July 2015, BBC1 22:47) audience: “So, do you think that raising the Inheritance Tax [threshold] is a good way to balance the books?”
Anna Soubry (Conservative Minister of State for Small Business and Enterprise): “I do, I think it is the right thing to do”
It probably is partisan.
Let’s look at the proposed exemption for “family homes” in the Chancellor’s proposals for “reforming” Inheritance tax. Read more…
A Conservative government would end inheritance tax on family homes worth up to £1m, David Cameron is to announce.
It means most homeowners in the UK would be able to pass on money to their children without paying tax.
BBC Website 11 April 2015 : Election 2015: Tories would cut inheritance tax
This seems wrong on so many grounds Read more…
The Tories want to pay married couples a tax bonus “for being married” but are delaying introducing the measure, yet they can find time to legislate for “gay marriage”. This has got some conservatives up in arms (BBC News Website 3 Feb 2013 Tory chairs urge gay marriage delay – presumably the BBC Sub-editor who writes the “Top stories” links really thinks these backwoodsmen think of themselves as “chairs”).
I think there is an obvious answer that retains the idea of “marrying for love” (and not a tax break) and maintaining some form of control over this potential tax loophole as well as addressing injustices. Read more…