Report comment

If you want to raise more money from estates you need to wake up to the simple fact that at 40% the super rich move their money around and jump through whatever hoops are necessary to avoid paying.
It is the moderately well off who get clobbered hardest by iHT.
There is a rate of tax a lot lower than 40% which would raise far more money than at present, because the super rich would not bother about paying.
The trouble its that IHT is intended to be a redistributive tax, taking money from the rich so that it can be given to the poor.
No chancellor would ever dream of doing reducing the rate of IHT, even though the rich would end up actually paying more (rather than avoiding it), because to do so would be jeered at as a hand out to the rich.