Dod101 wrote:Nimrod103 wrote:
I have complete faith that Hunt will seize defeat from the jaws of victory.
What nonsense. No victory in cutting the tax for IHT. As Preston says, it would add nothing to encourage growth and that above all is what we need now.
Obviously I would prefer that we did not tax estates but it is a fairly modest tax anyway. Hunt needs to encourage businesses to invest more in growth to build for the future.
IHT at 40% is not a modest tax, it is punitive and deliberately so. IHT encourages the dispersal and spending of capital, and so discourages investment and growth. Why save and build when the Govt takes another 40% out of your money, after they already took 40% when you earned it? But it is a bit late for Hunt to want to go for growth, that was Truss's policy wasn't it?