I was listening to the latest edition of Donal Blaney's 15 minute Blogtalk Radio podcast this lunchtime (as you do). He made the very good point that Jade Good's case illustrates perfectly the case against Inheritance Tax. Jade did what any good parent would do and made every effort to provide for her children after she had gone. She built up a £4 million legacy. Except it isn't £4 million at all. Despite the fact that she paid her taxes along the way, the government will now claim a 40% share of her estate, leaving her kids with £2.2 million. OK, so that's far more than most kids would ever have, and nothing can replace the loss of a parent, but why should Jade be taxed twice?
Donal called our Prime Minister "Gordon the Grave Robber". I wouldn't quite go that far, but I know what he means.