PM: Only 'Mega-Rich' Should Pay Inheritance Tax

Written By Unknown on Kamis, 16 Oktober 2014 | 00.11

Only the "mega-rich" will pay inheritance tax under proposals announced by David Cameron, in a move which will appeal to middle class voters.

The Prime Minister gave his clearest indication yet that only those with more than £1m to leave will have to pay the tax and suggested he would try to make sure it was in the Chancellor's last Budget before the election.

Mr Cameron said those paying the 40% tax levied on estates over £325,000 - £650,000 for married couples - did not consider themselves to be "in any way mega-rich".

Speaking to older workers and pensioners at Age UK, Mr Cameron said: "To me inheritance tax is a tax that should be paid by the very wealthy. I think you should be able to pass a family home on to your children rather than leave it to the taxman."

He added: "I would like to see that go further because I think even at £650,000, particularly in some parts of the country, you see someone who has worked hard, they have put money into their house, they have done it up to improve it and they want to leave it to their children and they don't feel that they are in any way the mega-rich, and they feel 'I should be able to do that without having 40% of it knocked off'."

Video: Cameron Plans Tax Cuts For Millions

Raising the threshold at which people start to pay Inheritance Tax to £1m is calculated to come at a cost of around £3bn.

Mr Cameron joked he wanted to see the changes in the next Budget but that he had to convince the Chancellor, who "is keen on it too".

It comes after Mr Cameron announced a £7bn tax giveaway at the Conservative conference, which would see an income tax cut for 30 million workers.

However, the Chancellor is still struggling to balance the country's books and bring down the deficit.

Video: Osborne Scraps Pension 'Death Tax'

At the party conference, George Osborne announced a two-year freeze on working age benefits, which would generate £3bn of cuts, and he said there would be a further £9bn of cuts announced ahead of May's General Election.

The inheritance tax plan will also be seen as a further attempt to stave off the UKIP threat.

Nigel Farage's party pledged to scrap inheritance tax at its conference in September and target multinational companies, foreign tycoons and the very rich to pay for the move.


Anda sedang membaca artikel tentang

PM: Only 'Mega-Rich' Should Pay Inheritance Tax

Dengan url

http://kerjasendirianda.blogspot.com/2014/10/pm-only-mega-rich-should-pay.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

PM: Only 'Mega-Rich' Should Pay Inheritance Tax

namun jangan lupa untuk meletakkan link

PM: Only 'Mega-Rich' Should Pay Inheritance Tax

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger