@harristax

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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

If I was a Tory Chancellor, I wouldn’t abolish inheritance tax. I’d fix the ridiculous marginal rates that can exceed 70%

https://www.taxpolicy.org.uk/2023/09/24/70percent/

Why cutting 70%+ marginal rates should be a Government priority

If I was a Tory Chancellor, I wouldn’t abolish inheritance tax. I’d fix the ridiculous marginal rates that mean there are hundreds of thousands of 30-somethings paying more than 70% tax on every additional £ they earn. This is complicated, unfair and a disincentive to work; it could also plausibly b

Tax Policy Associates Ltd
I am about to update my now ancient ancient website, so if you wish to retain access to my previous postings on life, marriage, cohabitation, death, #succession (the EU regulation #650/2012) and #inheritance tax in France, Europe and the U.K., please see www.overseaschambers.com and if you have time, let me know if it would be useful for you for me to retain certain of the older articles on it.   all the best, Rodger Peter Harris
Just emigrated from Twitter ex @harristax. Hello