Category: Tax Revenue
Greycoat: Abolishing Inheritance Tax Could Lead to Increased Tax Revenue
Currently, in the UK, the inheritance tax rate on homes valued above £325,000 is 40%, Greycoat informs. Luckily the inheritance tax is only paid on the portion of the value above the £325,000 threshold. Multiple exemptions to the inheritance tax rules led to only 4% of deaths in 2020 and 2021 being responsible for…
Read More