Birdwatch Note Rating
2023-12-30 07:17:11 UTC - HELPFUL
Rated by Participant: 11E8EE77224AD521085E0A22E884971DEDC8C4659E0664520BBA2CE61785AFA7
Participant Details
Original Note:
While Duncan Smith expresses an opinion here, the claim that inheritance tax is a "tax on a tax" is factually incorrect. Currently, 4% of beneficiaries pay tax when they inherit an estate they have not previously paid tax on, although that is set to rise to 7% by 2032. https://www.gov.uk/inheritance-tax# https://ifs.org.uk/publications/reforming-inheritance-tax
All Note Details