Just when you thought Inheritance Tax was to become yesterday’s news, it’s back as, apparently and potentially, a ‘battleground policy’ as the election looms. The amount it raises is bound to have increased, as are receipts from all other taxes, where allowances have been frozen and inflation has inflated what’s being taxed. But in the grand scheme of things, it doesn’t raise a lot, so making it better or worse will have more of a psychological (for which read vote-winning or losing) than sorting-out-the-NHS type of effect. So, yes, probably easy meat for a headline or two.
“Donating to charity via a will could see beneficiaries profit”
Including gifts to charity in your will is a nice thing to do, but it’s often only for those without anyone obvious to whom they can leave their worldly worth. Or perhaps when there are obvious recipients they don’t wish to benefit; families can be funny things.
