To think post covid19 would be a good time to completely overhaul inheritance tax?

[DogsDinner]

I know a couple of only children who are likely to inherit the best part of £750,000. Other families where the kids will inherit hundreds of thousands each.

Not a penny tax will be paid on this money.

I also have friends who will inherit nothing, indeed will probably have to scrape together the money to pay for their parents’ funerals, and in turn are unlikely to be able to leave much to their children.

AIBU to think that people who have probably already had a very good start in life, should not then go on to be further advantaged by inheriting such staggering sums tax free?

I’m not a socialist, and I do think parents should be able to leave their children something, but surely it should at least be taxed?

It honestly seems to me to be the obvious place to start raising money as we try to repair the damage to the economy.

Arguing against my opinion when I was clearly talking in general terms, not just about your specific example, is a bit pointless

What part of the generalisation the probate valuations are always pitched low did you fail to understand? I used my situation as an example.

I swear comprehension skills on here get worse every day.

Yabu people work hard their whole lives to leave money to their children, most of which will now go on paying for their care in d age. People should be able to leave their money/possessions to their children.

@Alsohuman You're embarrassing yourself. You disagree and insult me on an opinion that wasn't even in response to your example. Who's comprehension levels are poor now? You've clearly got a bee in your bonnet about it but I really don't care. Move on.

Alsohuman Arguing against my opinion when I was clearly talking in general terms, not just about your specific example, is a bit pointless. I stand by what I said. I don't think there should be any inheritance tax

I rest my case.

Ok, whatever. Have fun.

@motherofkitties it's still 81% to 19%