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(, Sun 1 Apr 2001, 1:00)
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Fair enough.
House prices currently being what they are though, even 650k is still well within middle class territory. My parents own two houses, one of which they rent out. Combined they own half a million pounds-worth of property and they are not unusual in this country.
(, Wed 25 Apr 2012, 13:48, 1 reply, 12 years ago)
Even if they owned £1million worth of assets
they would only be taxed 14% which is less than VAT, and all costs of sale etc are tax deductable so it would be less.

It's really not an unreasonable tax, it's just sold as one by the very rich.
(, Wed 25 Apr 2012, 13:52, Reply)
We're not talking about the current rate of IHT though
We're talking about her gay ex-boyfriend's proposal of 90%
(, Wed 25 Apr 2012, 13:54, Reply)

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