IH IS one thing that there are lots of clever legal ways around though, it's just that a lot of people put off thinking about it in the same way that they don't write a will - they don't want to think about it.
If it can't be got rid of altogether, I think the IH band should be a bit higher though and/or the level of IH lower, and that there should be some way of paying it over time rather than having to sell the property that you have just inherited. (Likewise for other things that are inherited such as art works, racehorses etc). Otherwise, what is the point of saving things and money?
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Date: 2007-03-22 04:57 pm (UTC)If it can't be got rid of altogether, I think the IH band should be a bit higher though and/or the level of IH lower, and that there should be some way of paying it over time rather than having to sell the property that you have just inherited. (Likewise for other things that are inherited such as art works, racehorses etc). Otherwise, what is the point of saving things and money?