… To be considering leaving the UK?

Becaise why would you build up a business and run it with long term goals if you can't hand it on without loading it up with debt?

My house that i sold recently, went from 85k to 450k in 21 years, if i had paid 18% CGT, about 65k or in my case, 88k, as at the time i was higher rate

My dd will probably pay around 80k in IHT but had we CGT on property sales, houses wouldn't increase as much, as they don't in most of Europe outside of major cities.
Plus even if they did, Germanys 36% would leave me with a far higher bill.

Look i get SE prices, we have a blunt tax system and a very complicated one but tbf we have voted for this over many years.

I think we need drastic reform of tax in this country, plus changes in council tax but no one will do it as it takes about 4 years to get through and then there is another GE.

At times i think we need a Trump style system, JFDI

But is not taxed income is it? my dd never earned a penny of it

No but you did! And if you gave it to her in life, it would just be a gift. Why do you think it should be any different after death? When you did the sensible, pro-social thing of keeping some back to make sure you won't depend on the state.

It's despicable that the government take advantage of the fact you can't protect yourself because you're dead to steal from you.

on the house price increase, none has been taxed
Speak for yourself. I did a calculation on how much CGT I would have paid on my last property, if inflation was allowed for correctly and it wasn't far off the stamp duty I paid on my current house. Yet another way the SE is screwed over, paying tax that no one else does.

You have to live somewhere. Your child will also have to live somewhere. Stealing money from us because the house we have to live in has a bigger number against it is seriously unjust.

(edited because I'd slightly misremembered the calculation I did)

But is not taxed income is it? my dd never earned a penny of it & on the house price increase, none has been taxed - we ve spoken about this and yes i will gift to reduce tax payable.

But i would prefer IHT to CGT on sale, after all, i wont be paying it!

The pensions thing is just short sighted, its an easy thing to spend, as can be taken at 55, would have been better to have had a TH value or leave.

Tories already changed when we can take pensions.

imagine moving several times and on each paying CGT on the sales
CGT is intended to catch eg people flipping properties for profit. That's actually reasonably justifiable to tax - it's just difficult to differentiate from people genuinely moving home in a rising property market.

The really unfair aspects of CGT on UK residential property are:
1.It is again a tax on living in the SE (which we already pay for again and again: in higher stamp duty, higher IHT, higher income tax if our employers have regional pay to allow for our higher COL...).
2.Since we don't have taper relief, we'll be paying tax on inflation. CGT is lower than income tax to allow for inflation, but it assumes a fairly short time period.

my DD may well receive more than 500k, she may pay some tax
You may not care that the government will steal more of your taxed income, just because you were prudent enough to keep some (including your home) - rather than gifting it all during your lifetime and risking not being able to support yourself - but I do.

For me, the unfairness is in care costs
Agreed that care costs being means-tested is unfair. Something that costs the tax-payer so much should be universally available - just like the NHS is.

Same with pensions, i don't agree with these as part of IHT

Why? It's annoying that the exemption has been removed (given that I think IHT is fundamentally wrong) - and it's particularly shit for those people who had relied on it for IHT planning, and have had the rug pulled out from under them too late to do something different (a timely reminder to us all that you can't trust the government). But I'm not sure why you think it's more unfair than any other IHT? Money purchase pensions aren't really any different to other assets - there's just a preferential tax treatment to encourage people to save in a vehicle they can't access until later in life, since that decreases the likelihood of them depending on the state.

Changing the restrictions on when and how we can take out our pensions on the other hand... if that happens I'll see that as yet another breach of trust by Labour (guaranteed it will be so that they can steal more).

France has problems but its starting from a much higher base.

They still have a functioning state, we don't.

IF you ve owned it for decades!! imagine moving several times and on each paying CGT on the sales?

The deceased person can... bottom line is my DD may well receive more than 500k, she may pay some tax... so what?

For me, the unfairness is in care costs, people who fritter their money away pay nothing, the more responsible get hammered.

Same with pensions, i don't agree with these as part of IHT, i will be spending the one that would have been inc.

Stupid.

Not true, many countries offer the nomad visa as a route in to permanent residency and the income requirements are all quite reasonable. With a load of money in the bank you can go almost anywhere, true, but with a good remote job you CAN go anywhere.

I do worry about how climate change will affect Switzerland - it will affect everywhere of course, but temperatures there are rising faster than elsewhere, and there are already more avalanches and landslides. Perhaps less flooding than the UK though.

It's a very lovely country though, and I agree that it's functioning better than elsewhere just now. And skilled migration is definitely possible to there, with great work opportunities.

I do not think France or Germany are better than UK. I think France actually has more problems.
Switzerland is currently far better, so are some of the Scandinavian countries. Italy seems to be on an up, especially Northern Italy. Everyone I know from London is currently looking at Italy and Switzerland. The very young are looking at Dubai and Middle East for a few years. The ones who were already international (eg Indian) are going back to eg Singapore.
This movement has always been the case but there is definitely an acceleration now.

I'm totally fed up of the constant theft and excessive redistribution.

'Fair' means we all pay the same tax and get the same state services back. All treated the same. It's so unimaginable to us in the UK that most people don't even consider that as an option - although it's been the reality in most places in the world through most of human history.

The UK - like most social democracies- has instead created state-organised, enforced charity through redistributive policies - and up to a point we all support that. But it's resulted in entitlement, anti-wealth rhetoric, anti-growth policies, and escalating state-sanctioned theft. I've had enough.

IHT in the UK is completely out of proportion - and you can see the consequences play out as wealthy non-Doms - who subsidise the rest of us - started leaving the UK in droves after Labour tried to make them pay IHT on worldwide assets - assets earned and held outside the UK. Totally outrageous cheeky-fuckery!

I think IHT should be abolished - as so many countries have already done. If it isn't abolished, then it should be reformed to be like Denmark - a much lower percentage, but applied to everyone above an admin-cost threshold (Denmark's us 15% for everything above £30k). That's at least fair, although it still encourages economically inefficient behaviour.

They have tapered relief on CGT, so that if you've owned a family home for several decades there's no CGT to pay.

Why shouldn't someone inheriting 500k pay tax on it?

Because the owner of the property (the deceased person) should be allowed to give their own possessions away as they choose, without the state stealing yet more of it over any excuse.

What you're forgetting is France/Germany etc hit you with CGT on property sales - Germany 36%, Norway 22% on residential main residence.

Why shouldn't someone inheriting 500k pay tax on it? if married, the tax free allowance is £1m, includes widows etc

Very much this.

Lower benefits and higher taxes across the board. Everyone share the pain.

Instead they'll hit the dwindling number of PAYE middle earners who will increasingly go part time, move abroad, downsize job, discover a disability because work no longer pays.

But in reality, they'll just hit the same 'enemies of the state' with everything. You know, those enemies who disproportionately fund all state services, and use a fraction of them.

Btw, IHT is already incredibly punitive in the UK compared to pretty much anywhere else in the world.

A single parent in the UK leaving £1million to her 2 children (not remotely unusual in London where a very ordinary home - like the ones her children will need to buy - costs at least £500k) will pay £200k inheritance tax.

In Germany, the total IHT due for that estate would be £8k. Even in high-tax France, only £68k would be due. Only Denmark comes anywhere close to the UK's for that not-unusual estate, at £144k. But in Denmark, since the rate is only 15% (just with a much lower threshold), it's more widely paid but less punitive to the wealthy (a £500k estate in Denmark would pay £70k versus UK £0, but a £5million estate would pay £744k versus UK £1.8million).

In Austria, Cyprus, Estonia, Latvia, Malta, Norway, Portugal, Romania, Slovakia, Sweden or Switzerland there would be no inheritance tax to pay. Yes that does indeed include the Nordic countries which left-wingers here venerate as socialist paragons, but which are actually significantly less punitive to their wealthy citizens than the UK is.

I think the gov needs to hit everyone - remove triple lock, change benefits, increase tax for lower earners, maybe raise iht then there is no bleeding heart headlines as all are hit

Nice to know we are not alone

We have thought very long and hard about moving overseas. Portugal has been the hot favourite destination. We could move there on a D7 visa, and would qualify financially. I am quick with languages and would pick up enough Portuguese to get by fairly fast. However, DH has heart health issues, and the high summer heat would not be my choice. Yes, we'd swap houses in the high summer months with my niece so they had a holiday, but the more I think about it, the less I want to deal with acute health issues in another language. I would move to France, because my French is decent already, but there's no good reason to go. On balance, I think we'll probably stay put.

I'm from Spain originally. I am currently spending a few weeks in here. This is equally fucked.

I meant the favourable tax rates for HNWI not the visas themselves. Enjoy Portugal

This!
I have moments where I would
like to move out of the UK, fancied the idea of Jersey lately, but 10 years or so the climate will be unbearable in warmer European countries.

I have just spent a week in East Devon and the village we stayed in was so beautiful and blissfully quiet, I want to explore more of this beautiful Island - the amazing weather has helped though!

In my experience if your job/trade/profession/experience is highly sought after you more or less do have an unfettered right to move anywhere. Your visas are usually expedited, you may well be given a signing on/up bonus, special tax rights for the first year in some exceptional cases. One I am seeing more is the offer of a shortcut to permanent residency as not only are you welcome in but you are deemed welcome to stay long term.
I still love and value the UK, but it is totally naive to believe it is offering a comparatively good/fair deal to higher earners. In most other Countries the tax burden is generally more evenly distributed across the entire population and crucially there is not a disparaging attitude towards people who want to make money and keep some of it.
So many wealthy people have already left and taken their taxes and potential spending power with them that there is already an impact so the good riddance attitude is ridiculous and so counterproductive to economic stability.
The UK tries itself to incentivise certain types of individuals in. Friends of ours came to the UK for a look because of incentivised residency offers, subsidised factory rentals and tax exemptions for setting up a business they already have running in two Countries but they ultimately decided they could not make it work financially in the UK plus the crime rates and lack of detection/deterrents were very off putting for them too.
The UK is not appealing to high net worth individuals right now and like it or not that is a problem. More and more high tax payers will leave for a better standard of living and that will be to the detriment of the Country.

Isn’t this largely going to depend on which countries let you in? Unless you’re extremely wealthy, you don’t have an unfettered right to just up sticks and live where you want.

Portugal could be good, depending on what kind of business you set up and a lot if tax incentives. Don't know about kids or schools though, that's not a priority for us.