Birdwatch Note Rating
2023-12-31 08:07:59 UTC - HELPFUL
Rated by Participant: 2D71D87889CDA0A088F920287E3070DA9B93A5B4B09A127E7FCE07D6E4A7D68A
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