Chancellor Sajid Javid opens talk on inheritance tax
At the 2019 Conservative Party Conference, chancellor Sajid Javid has intimated that he may be prepared to scrap inheritance tax (IHT) when asked if he would scrap the ‘death tax’.
Currently, the standard inheritance tax is 40%, in which the individual inheriting the property is charged on the part of the estate above the £325,000 threshold – a figure that generates a huge amount of debate regarding fairness.
Read more at the Accountancy Age.
