I spent some time discussing Inheritance Tax here last week.
Now there’s the resounding evidence that most people neither care about it, or think it has any relevance to their lives. 90% of all adults in the UK do not have a will.
If you were the remotest bit worried about Inheritance Tax you would. So they’re [...]
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My media day continued. I did Radio Wales tonight with Matthew Elliott from what is called the Taxpayer’s Alliance.
He spoke complete nonsense. Like the speaker earlier in the day he thought inheritance tax was paid on small businesses. Where do these people come from?
Then we had the argument:
People don’t like this tax
Which is quite absurd. [...]
I’ve just done Radio 5 Live. We were meant to be discussing inheritance tax.
Scheduled start time was 9.00. On air time was actually 11.45.
Then I was pitted against Sylvia Tidy Harris, a woman best noted for saying no-one should employ women below aged 45 as they might have children.
She presented two scenarios where she said [...]
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Extraordinary headlines have been used to report the UK Institute of Directors’ (IoD) new report on capital gains tax and inheritance tax. For example, Accountancy Age has said:
The Institute of Directors has called for the threshold for CGT to be lowered, and for the tax to be simplified, to enable more tax to be raised.
That’s [...]
Stephen Byers has responded to Polly Toynbee’s article in the Guardian newspaper in which she attacked his plan to abolish inheritance tax, on which I have already commented. And he comes up with a classic argument for abolishing inheritance tax. He says:
"Toynbee claims that, at a time when City dealer’s bonuses are soaring and mid-ranking [...]
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Accountancy Age covered the Inheritance Tax issue whilst I was offline. I note they say that there is an increasing body of opinion mounting against the tax, and that I seem to be the sole voice they could find in favour.
Well, there are occassions when it is good to stand out from the crowd. [...]
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Stephen Byers wrote an article attacking inheritance tax for the Sunday Telegraph this week. Byrers, you might recall is one of Tony Blairs’ Cabinet failures, but is still close to No. 10. He brought out all the usual wrong arguments on Inheritance Tax that the right love, such as it being double taxation. I won’t [...]
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My good friend Neasa MacErlean from the Observer had an interesting article in yesterday’s paper. As she put it:
Wealthy people over the age of 75 who are looking for an alternative product to an annuity could be in for a shock: the government is considering clamping down on one such product, known as the ‘alternatively [...]
Jason Holden is proving to be a regular, and welcome reader of this blog. But I want to pick up on something he said in a comment yesterday (and I stress, I paraphrase for emphasis):
The Aussies … can’t understand that once you have acquired assets over your lifetime out of already taxed income that your [...]
