Dan NeidleSep 28, 2023

Lots of people saying Rishi Sunak's family would get a £300m benefit from the abolition of inheritance tax. They're wrong. The Sunaks are already mostly exempt, thanks to an obscure 1950s loophole. More here:

https://www.taxpolicy.org.uk/2023/09/28/obscure_loophole/

An obscure loophole means Rishi Sunak's family probably wouldn't benefit from the abolition of inheritance tax. They're already exempt.

Until we get clear answers, it's reasonable to assume the Sunaks are using an offshore trust to avoid £100m+ of tax.

Tax Policy Associates Ltd
Show threadBaron Vonskinnback
@danneidle just another Tory in power feathering his own nest and changing laws for his own financial betterment, is there anything more Tory than that...
Sep 28, 2023 at 1:24pmTusky