Birdwatch Note Rating
2023-12-30 10:21:45 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 2046C4EAC26DB266199BA13D4B17561BF02F2CD6E897BFD2C6672348CC974B79
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