Saga Comments on proposed inheritance tax changes

Tuesday 17 March 2015

Commenting on reports that the Government is set to propose changes to inheritance tax, Paul Greeen, director of communications, Saga said:

Saga Comments on proposed inheritance tax changes

"The current Inheritance Tax regime is seen as unfair and in need of modernisation - even by those who don't think their estates will be affected.

In a recent poll of more than 10,000 over 50s two thirds (65%) thought that the main family home should be excluded from inheritance tax calculations.  There are now many parts of the country where just owning a relatively modest home puts you in the frame for paying inheritance tax. So paying IHT becomes something of a postcode lottery.

Wanting to pass on something to their family is something parents strongly desire, IHT should be for the really wealthy not a burden on middle Britain who just happen to have lived in a property hot spot."

 

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