Birdwatch Note Rating
2023-12-29 23:43:14 UTC - HELPFUL
Rated by Participant: 9E33733598DD1E17633F5CFE46A29D48C18C052F25876CF112B74547C6DEF54B
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
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