Wednesday, October 10, 2007

Inheritance tax again

The Daily Mail is hilarious today. It says at one point that the government's proposal does nothing for the 500,000 couples who already split their assets so as to both benefit from their nil rate of inheritance tax. Er...yes, that's because they aren't paying the tax.

What does the Mail want - perhaps George Osborne should counter with a proposal that the government will 'top up' inheritances, perhaps matching them £1 for £1. On the score I presume the Tory policy will quietly be dropped, as it now just seems like a £1bn bonus for the very rich.

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