Tuesday, October 09, 2007

Alistair Darling on Inheritance Tax

If 96% of estates pay no inheritance tax and Conservative proposals to raise the threshold to £1m were "an example of where the Tories are making promises on tax which they can't afford to pay for", how can Alistair Darling now afford to increase the limit for married couples just one week later!?!


Umbongo said...

The simple reason is that this is not a tax cut: twice £300,000 (the present limit which applies to individuals) equals £600,000. It just makes leaving £600,000 to your children a little easier so that you don't have to go through the hassle of setting up a trust to "set aside" £300,000 on one death to go to the kids on the next one.

It's pathetic how MSM tax "experts" (and others including Osborne who didn't pick this up) are so easily fooled.

Snafu said...

Umbongo, thanks for the correction!

It seems to have been another example of Labour spin as the MSM focus on inheritance tax rather than increasing levels of debt, economic growth slowing next year and a rise in overall taxation the following year!

Seo Link Master said...

You need us if you have any of these tax problems: Back
, Unfiled Returns, Missing Records, Threat of Levy, or, if you need an Installment Agreement or an Offer in Compromise A tax levy or garnishment or attachment are all the same thing. The terms may be used interchangeably. A wage garnishment or levy may be against any asset. In the enforcement of tax collections. We prepare all Federal and State Unfiled tax Returns The Fair Tax Act (HR
25/S 1025) is a bill in the United States Congress for changing Tax Solutions laws to replace the Internal Revenue Service (IRS) and all federal income taxes (including Alternative Minimum Tax), Past due tax returns, Past due tax returns, Past due returns, Past due taxes, Unpaid tax, Tax negotiation, Wage levy, Robert M. Adams, Bob Adams, Try to Be Happy, Search Engine Optimization