You are reading a single comment by @villa-ru and its replies. Click here to read the full conversation.
  • I'm also still seeing no downsides to 100% inheritance tax, apart from salty rich guys.

    What about passing objects or heirlooms? It effectively means that only children with means can inherit anything. There's also a psychological aspect to want to leave something for your children.

    I can't remember who it is, a French economist who proposed higher IHT preventing vast transfers of wealth and using that to give a universal "inheritance" of c.200k to everyone at 25yo. I won't butcher his arguments, but I found them very convincing.

  • My grandmother was a potter so I have a number of soup bowls that she made. They are worth nothing. But if she had been Clarice Cliff or Barbara Hepworth they would be worth £££. Where is the line to be drawn?

About

Avatar for villa-ru @villa-ru started