Monday, 7 October 2019

Housing Secretary Hints At War On Inheritance Tax


A cabinet minister dropped another strong hint about cutting inheritance tax last night as he attacked its ‘fundamental unfairness’. Housing Secretary Robert Jenrick said it was ‘particularly unpopular’ because it involved ‘paying tax twice’ when property is passed to children and grandchildren. He also argued that well-off families used tax-avoidance schemes to ‘ensure they don’t pay’. The remarks are the second in a week from a senior minister floating the idea of reforming inheritance tax. At the Conservative Party conference last week, Chancellor Sajid Javid floated the idea of abolishing death duties. Read more on the World News website.

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