Governments ultimately own everything simply because they have the guns.

Nope. The most recent HMRC statistics show less than 4% of estates paid inheritance tax in 2020–21. This will probably rise to over 7% by 2032–33. Only the most wealthy estates pay it.

the most wealthy estates do not pay, they have trusts, declarations of agriculture or business.

that's why a third of the fucking country is in the hands of "nobility".

I feel that inheritance tax is a good thing, however, it should not go to the treasury, but instead to the local authority. In this way it benefits the community they were a part of, rather than a meaningless black hole of untraceable generic funding, that is as likely to be spent on Boris Johnsons security guards as it is something actually worthwhile. I feel the same about funds of closed companies automatically going to the treasury. It should be used locally where they need the money.

You would increase inequality between areas in this way. Kensington and Chelsea would pick up millions Sunderland much less. Over the years the effect would be disastrous if the sums were large.

people say this and they wont pay much after deductions. like how much money do you have? I bet its not enough to warrant the complaint. but in other news, why dont you complain about what they spend the money on? a healthy tax base and actually interesting spending is great, you build pretty great place to live that way. Instead its gazilllions in civil service wages for them to do nonsense tasks for 60 years. or NHS spending that allows people with a bent toe to get sattelite laser surgery costing 5trillion. shit like that, complain about spending not tax.

Does it not bother you that your inheritance has already been taxed by the person it belonged to, then again once inherited by that same government?..

It's total unacceptable, morally and ethically wrong on many levels..

I couldn't care if they want to spend however much on certain things, what I do care about is getting scammed by the government by taking a double stab at you with your inheritance.


Look at pensions now, working all your life paying stamp for pensions. Once you retire and you start claiming it, you get taxed again?

Can someone else surely see the wrong doing by here?..

If someone dies they want you to pay tax, if you get paid they want you to pay tax, even when you bloody eat you pay taxes, good job there isn't a sleeping tax aswel ffs

The infrastructure of the country is what has allowed an individual to accumulate the wealth. If someone is so greedy that they think it is preposterous to pay inheritance tax they are free to live elsewhere. The problem of the ultra-wealthy finding ways around paying any taxes at all is another issue of course. And yes the country is still mired in feudalism hence the landed gentry still being around and anachronisms such as hereditary peers sitting in the house of lords.

Free to live elsewhere?

Governments claim ownership of you at birth (many insist you pay taxes even if you don't live in them). And no, there is no freedom to enter any country let alone reside in them.

Actually you can choose to live almost anywhere you want. Most countries have a system that welcomes wealthy. For example British people can obtain a visa to live permanently in Europe if they have the funds to suppprt themselves. Jersey is weird and require you to have enough funds to suppprt yourself and the wages of three civil servants. Every year.

what shit. as someone already said: less than 4% of estates paid inheritance tax in 2020–21. This will probably rise to over 7% by 2032–33. Only the most wealthy estates pay it.

This is what the vast majority of wealth is concentrated in the hands of a few. We should tax inheritance at 80% over a few million quid, that'd fix the fucking schools. Or do you prefer toffs to have a better bottle of wine then schools that don't leak when it rains?

I'd prefer not to have my money stolen in the 1st place than beseeching to a plutocracy to get a little back.

and those roads you walk on, and the parks and schools? Who pays for those if not us? Calling taxation stolen money makes you sound like a MAGA lunatic.

Feel free to go live in the forest in some third world country if you don't want to pay tax to make a better world for all. Oh, you've not done that? why ever not?

in those countries you apparently despise the worst narco terrorists dribble out these same trinkets. yet they don't come close to the kill rate. governments are by far the largest murderers on the planet and taxes (effectively collected at gunpoint) are what pay for it. this has been consistent throughout history.

but hell yes id be happy to pay for parks, recreation and lots of things short of murder and plutonic corruption.

Because if you don't the entire wealth of the country would be in the hands of a tiny group of people living on inherited wealth and enjoying the benefits of rent and compound interest. I will lose a reasonable sum to inheritance tax on my death and although it's annoying I also recognise that it's unavoidable if we are going to have a society with any degree of equity or hope for 95% of people. Compound interest over 100s of years creates massive fortunes often in terms of land and property these are finite resources. You can also gift huge amounts to your children before you die, if you get rid ten years before you pop your clogs IHT doesn't get it.

There are legal ways to reduce any Inheritance tax liabilities. Not difficult and effective.

Only two sureties in life; death and taxes.

I don't know about inheritance tax but they certainly f%^k us over the crypto tax disposal.

According to some sites:

Cryptocurrency disposals (selling, swapping, gifting, or buying items) will be taxed through
Capital Gains Tax , with rates of 18% (basic rate) or 24% (higher/additional rate) for disposals on or after 30 October 2024.

A £3,000 annual tax-free allowance applies for the 2024/25 tax year.

Them mofos, they've already taxed us once on the pounds we used to buy crypto in the first place.

Essentially if you spend more than 3K£ worth of crypto here in a given tax year they'll come for you.

Thanks God I stopped buying through exchanges just before the end of Oct 2024!

A person should have the right to pass on their hard won earnings to their family .
The death tax is anti family .
We'll get this abolished when we take our country back from the deep state over the next few years . I'm quite optimistic that we might get our freedom back soon .

Nobody's taxing a dead person, they're free to take it with them.

Unearned wealth and unearned status keep us in our servitude.

i think inheritance tax is a good thing but only for the very rich. they should set the threshold at 400k that way us poor people inheriting mums house aren't affected

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