Poll: Poll: Inheritance tax

[Glaucus]

Please could a mod make this into a poll

1) Scrap Inheritance tax and increase stealth taxes
2) scrap inheritance tax and add it to fuel
3) Scrap inheritance tax, day dream and get the government to cut expenditure
4) accept the government needs the money and keep inheritance tax

I'm half watching the inheritance tax program and everyone's going how evil it is, but what the solution, we all know government wont cut expenditure so we will just get taxed else where.

What do you guys think the solution is?

 

[Glaucus]

i thought there are ways around inheritence tax, for example, say its your parents for example and they want to leave you their house when they die. before they die, cant they sell you the house (for free, although there will be costs and such for paperwork). then you let them continue to live in the house as if it was still their own. that way when they do die there will be no inheritence tax since the house is in your name anyway.

unless im missing something this way would seem to mean a lot less money paid to taxes.

yes you can do that but you have to own it for at least 6 years before they die.

 

[Glaucus]

PET is actually 7 years.

I'll bow down, to your superior knowledge