Should inheritance tax be abolished?
Public debate on abolishing inheritance tax intensifies as the threshold remains frozen at £325,000 until at least 2030, pulling more estates into its scope and projected to raise £14.5bn annually by 2030-31. Critics call it an immoral 'death tax' that disrupts family farms, businesses, and wealth transfer, with parties like Reform UK pledging to scrap it for agriculture and campaigns pushing for full abolition. Supporters see it as a revenue source amid fiscal pressures, though some propose reforms like lower rates over full removal.
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