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The best IHT policy i read was just to treat it as a taxable income receipt for the recipient, rather than taxing the estate. So if you give it to people who are already higher rate taxpayers, they pay more tax; if it goes to lower rate ones (and is spread out so the receipt doesn’t push them into being higher rate taxpayers) they pay less. Seems pretty fair to me…
andyfallsoff
I can understand why a youngster who is struggling with affording rent and dickhead landlords and has no prospect of housing security and who is depending on inheriting family wealth to get stability and a comfortable life would feel 100% IHT is unfair.
The point is that if property were cheaper, not commoditised and renters given rock solid protections, they would have less "need" to depend on inheriting their parents wealth.
Edit: Although to be fair, 100% IHT would have quite far reaching implications in terms of HNW families in the UK. I have no idea whether it would end up being a sensible thing to aim for. I can fully get behind the principle though.