Yes, I think many millions will be tuning in to watch. The statement that "those with the broadest shoulders should bear the heavier burden" certainly doesn't sound positive for many. Which changes would you be most concerned about?
@@cameronjamespensiontransfer talk of the 7 year rule being extended to 10! If it's applied retrospectively that will be unfair to those that have planned!
@@cameronjamespensiontransfer An updated video is crucial since the Rachel Reeves 's October 30 2024 budget. It's effective tax rate 67% IHT.Double Taxation
@ Why should anyone who has worked all their lives have to pay tax on already taxed income when they die? It is unjust, immoral, greedy, and the characteristic of a communist, tyrannical government hell bend on politics of envy. IHT is theft of a diabolical kind, perpetrated by hypocrites and career politicians. It is also discouraging sound financial behaviours we should be welcoming for the good of the economy. Don’t lecture me on redistribution of wealth - it is THEFT.
Plus gifts from surplus income, for those in this fortunate position.
And 10% dobated to charity in your will to obtain an IHT rate of 36%.
Correct, loads of little actions that when added up can all result in huge IHT savings, and a very happy family after you move on!
Taper relief only applies if the total value of gifts made in the 7 years before you die is over the £325,000 tax-free threshold.
That is correct. If it is below £325,000, then gifting is not necessarily required as an IHT tool, as there will be no tax to pay upon passing anyway!
Interesting to see how this changes in October - I suspect Rachel Thieves will change this dramatically (for the worse)…..let’s see 😮
Yes, I think many millions will be tuning in to watch. The statement that "those with the broadest shoulders should bear the heavier burden" certainly doesn't sound positive for many.
Which changes would you be most concerned about?
@@cameronjamespensiontransfer talk of the 7 year rule being extended to 10! If it's applied retrospectively that will be unfair to those that have planned!
@@cameronjamespensiontransfer An updated video is crucial since the Rachel Reeves 's October 30 2024 budget. It's effective tax rate 67% IHT.Double Taxation
Inheritance Tax is theft
Hi Peter,
May I know what is your personal reason to conclude the statement?
@ Why should anyone who has worked all their lives have to pay tax on already taxed income when they die? It is unjust, immoral, greedy, and the characteristic of a communist, tyrannical government hell bend on politics of envy. IHT is theft of a diabolical kind, perpetrated by hypocrites and career politicians. It is also discouraging sound financial behaviours we should be welcoming for the good of the economy. Don’t lecture me on redistribution of wealth - it is THEFT.