IHT system will not change says Brown

IHT system will not change says Brown

Brown dismisses calls for move away from Inheritance Tax system

Chancellor Gordon Brown has firmly dismissed a suggestion from New Labour
policy gurus that Britain should move from an Inheritance Tax system to a tax on
all capital transfers.

Treasury sources acted quickly to make it clear that the government is not
planning any further changes to the inheritance tax system beyond the crackdown
on inheritance tax avoidance and the higher tax threshold in the Budget.

The idea came from Labour election chief Alan Milburn’s special adviser
Patrick Diamond and Blairite ‘third way’ thinker Anthony Giddens.

He urged a tax net to catch lifetime transfers, as well as those after death,
to tackle growing inequalities in the accumulation of wealth through chance such
as property and land values rising, rather than risk-taking and business
success.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article