TaxPersonal TaxIHT 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.

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter