Birdwatch Note Rating
2023-12-30 10:09:54 UTC - HELPFUL
Rated by Participant: 7F53D7BDD9C1BC81DA0D623A7B3609A4C3EE1BA0B01DD432239AC7EFAD1A1E61
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