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Why we need to reform inheritance tax
IFS Zooms In: The Economy
English - December 06, 2023 12:33 - 38 minutes - 53.2 MBNews Commentary News Politics economy economics covid-19 brexit inequality recession facts news paul johnson Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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Inheritance tax is arguably the UK’s most unpopular tax - a recent YouGov poll found that just 20% of people deemed inheritance tax ‘fair’. Yet most people are unaffected by it - only a minority of estates currently pay inheritance tax.
In this episode, Paul Johnson is joined by Arun Advani and David Sturrock to discuss the intricacies of inheritance tax. They cover the inequality inherent in the current system, the distortion of economic incentives resulting from exemptions, the small percentage of estates that actually pay the tax, and how it affects to social mobility.
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