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Arguments on abolishing inheritance tax

07 October 2019 / Richard Curtis
Issue: 4715 / Categories: Comment & Analysis
To have...

Key points

  • The chancellor says that he is uneasy about taxing people when they die.
  • Present receipts from inheritance tax are relatively small at about £5bn.
  • Will increasing national wealth lead to higher receipts?
  • Inheritance tax exemptions for pensions and homes.
  • Who would benefit from abolishing inheritance tax?

It was a little difficult ascertaining Sajid Javid’s musical tastes. When I saw the headline that Mr Javid had something ‘on his mind’ for some reason the old Hoagy Carmichael song about Georgia came to my mind – although I think the version by Ray Charles is probably better known. Further investigation – no I don’t know why either – uncovered the information that Mr Javid prefers U2 and Brian Ferry; I’m sure that we will learn more when he appears in due course no doubt on Desert Island Discs.

On closer inspection however ...

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