“It’s A Death Tax” | Rachel Reeves Planning On Raising Inheritance Tax

Rachel Reeves is planning to raise inheritance tax as part of a push to collect up to £35 billion in the upcoming Budget. Currently, the tax is set at 40% on estates valued over £325,000 when someone dies.
Reeves is considering changes such as raising the tax rate, lowering the threshold, or adjusting exemptions. For instance, the rule that allows gifts given more than seven years before death to be tax-free might be revised. Other changes could affect tax breaks for businesses and farmland.
These potential reforms are expected to spark controversy. Although only 4% of estates pay inheritance tax, many see it as unfair. Jeremy Hunt, the Shadow Chancellor, has criticised it as "anti-Conservative."
Reeves' Budget on October 30 is expected to include significant tax hikes.
Dr David Bull and political commentator Charlie Rowley discuss.
#news #politics #money #tax #labour #keirstarmer #uk #talk #talkradio

[@robertjones3613]

Why the hell is it deemed ok by many, to pay inheritance tax, never mind increasing it? The UK people are taxed beyond belief as it is. Of course, there will always those green eyed monster types, but I find it hard to understand why anyone thinks it ok to pay yet more tax. Wouldn't be so hard to swallow if the funds the government leach of us was were managed and used wisely, but this never happens. The joy the politicians have on their faces whenever they mention yet more tax grabs is disgusting.

[@hydraV1-c7d]

It’s total theft

[@andrewcharlton2709]

UK has sadly always been a high taxed country, reason I left

[@hydraV1-c7d]

@@andrewcharlton2709 yes and its also anti business!

[@matthewv4170]

Inheritance tax should be 100%

[@hydraV1-c7d]

@@matthewv4170 quiet commie

[@andrewdalziel4006]

I could just about stomach this stuff if we weren't having our money given away abroad by Lammy, Milliband etc. What a bunch of crooks.

[@Eleventhearlofmars]

Don’t forget the billions on the immigration bill. Our tax is being used on these people as well.

[@charleswatson7281]

The whole nation is completely sick of this bunch of clowns…they are destroying this country in every way

[@DeneMonkey]

Still crying they won the election

[@doriangray6985]

Sadly too many people still mistakenly think Labour are wonderful

[@minstrelofMir]

were the con"S any different,,no

[@bumberClart1000]

Most media are now doing the Wokey Cokey. They have lost it

[@neilfrench6639]

If trump wins lammy and two tier are bang in the sh**e

[@DeneMonkey]

How?

[@Peter-rd9jf]

​@@DeneMonkeylammy is China cosying up to the Xinjiang slave masters....

[@ShanePalmer-yo4og]

I am not a fan of Trump, but I believe he's the best option for this country. And yes, it will be interesting if Trump wins and how the "special relationship" will most probably suffer with a Republican government in the States and the current bunch of loonies running the UK. Trump appears to be a very unforgiving guy when crossed. But could you imagine what the reaction in the UK would be in American Political Activists came here to try and swing the result of our elections? The world is going mad! Lammy, Starmer, Raynor, Reeves, have NO common sense between them and I'm not yet sure they have a brain cell at all. How is it that Starmer would rise to be a KC as a barrister, Lammy was also a Barrister. I always believed Barristers needed to have a cutting level of intellect.

[@jasonmiller6273]

Hope so.

[@Captainblack710]

Fingers crossed then 😊

[@theunspokentruth5987]

We need a break away state where people work pay taxes and live normal . Not pay taxes for parasite's

[@vicicooper4720]

If you live in the country you need a car to get to work, or school in many cases. We can't escape the cost rise.

[@DeneMonkey]

Most use public transport

[@Peter-rd9jf]

​@@DeneMonkey One bus a day in rural areas...Islington Boy....

[@sezcam79]

@@Peter-rd9jf And unreliable, not unusual for no shows and running hour(s) late.

[@vicicooper4720]

Interfering in the US election is beyond reprehensible. It never crossed my mind that this could happen, but each day I am visited by fresh new nightmares.

[@Steve5151]

Proves how worried they are about Trump winning.

[@vicicooper4720]

@@Steve5151 Yes, because Trump (not being a political animal) is the only one standing against what we call wokism, but which is the marxist propaganda spewed out by WEF. Starmer, of course, is badly infected, as are the Dems (aka Obama/Clinton.)

[@joycegibbs5267]

I thought they already had. I heard about this a couple of months ago. To think these crooks are advising the other crooks over there to finally kill off the West. It’s unbearable !! They will finally finish us all off !!! 🥺💔

[@joycegibbs5267]

@@Steve5151 his win truly is our last hope. If she does, we may as well give up 😢😢

[@AJ-qn6gd]

And Starmer used to stand at the despatch box and berate the Tories for having the highest taxes in seventy years, bloody hypocrite !

[@stevebrown6251]

Not content with stealing my 85 year old mums heating allowance. You want to steal the money she worked so hard for to give her kids an inheritance thats of course if there's any left if she has to go in to care as she has mixed dementia

[@doriangray6985]

Tell her to give it all away now, and tell her she has to live for another 10 years

[@whitehart11]

@@doriangray6985 7 years

[@tonywilson9950]

So you work pay tax and leave a something for your family now you are paying tax on tax no!

[@Cornz38]

There's an old saying: the only 2 certainties in life are death and taxes. Now they have managed to combine the two into one. You're dead but you're still going to be taxed...

[@archiemcberry7102]

The pensioners have no political power and neither do the dead.

[@Avalaugh0007]

Tax tax tax tax tax uk government personal bank fund 😮😮😮 no wonder robin hood went rouge

[@timg1246]

The Red Red Robin Comes A Bob Bob Bobbin Along.....

[@doriangray6985]

Was it the red lipstick he wore?

[@Vincent-dc6ku]

Im 65, for the last three months I've started working on a plan to pay as little tax as possible, before and after my passing. If I pay a penny in tax more than I feel is fair, I'll consider myself to have failed. The bastards can tax my bones.

[@stephennorris2524]

So your parents have bought a house and spent 1000's in tax, yet if they want to leave it to their family, they then have to pay tax on said property again? Theft no other word for it.

[@ShyTalks-d8b]

Why should rich people's kids get free money that gives them an advantage over poor people's kids?

[@doriangray6985]

It's completely immoral

[@X5493-c7p]

They need those house for you know who

[@mrsmvcheek]

@@ShyTalks-d8bIt is their money.

[@mrsmvcheek]

@@ShyTalks-d8bIt is their money not the governments.

[@bumberClart1000]

Taxed to death? Welcome to the machine

[@JulieMalone-oy1ll]

Ill be glad when karma comes for starmer,his lies are catching up with him

[@Talboy-p4e]

Am in dubai Tax free My business Beautiful people Beautiful country Beautiful laws Beautiful food Beautiful culture Millions moving out uk All going to Middle East Arab countries Singapore Malaysia Japan India Pakistan Remember these were third world country Not the case any more It not rocket science Only millions of idiots coming to uk every year Benifits totally free for life No wonder millions coming to uk every year It not rocket science Yours Brtish citizen 1960 from Portugal my second home I be back when Labour gone for good ❤❤❤

[@matthewv4170]

They are third world countries. Dubai doesn't even have an adequate sewage system and non citizens live in hovels and the entire economy is ran by a rich family. What are you talking about

[@matthewv4170]

Also you say everyone's leaving to the middle east.....those people come here to deliver food so it can't be all that

[@sharonreichter2537]

@@matthewv4170 Have you ever been there - I somehow don't think so.

[@matthewv4170]

@@sharonreichter2537 yes its really not that good. It's like Vegas for knobheads

[@Shadowfire-n9f]

Is there a chance the banks and markets hate this budget like Liz’s budget and get Starmer sacked?

[@hydraV1-c7d]

No they love this boe is massively behind this agenda

[@Cornz38]

Don't forget the banks and businesses colluded with each other to purposely trash Truss's budget...

[@YvonneCairns-c9u]

This government couldn't run a piss up in a pub. That's if they can find one that's outwith Westminster.

[@derekcox9965]

Labor The Plunderers, its like being at War with this lot,

[@joycegibbs5267]

they certainly do despise us, especially the white working class !!!

[@Marie-o99]

This Goveenment is Crazy 😂😂😂

[@thalesofmiletus2966]

Raising taxes is easy. Running a country successfully not so much. Labour have taken the easy option.

[@harrycallahan9143]

Tony Blairs lovechild.

[@vintagespeedshop]

. Raising fuel duty will make EV's look more attractive, which is what they want.

[@patriciacopley8284]

Never!!!

[@X5493-c7p]

No it won’t because in 2025 most EVs will get hit by luxury car tax on top of VED plus they’ll be bringing in pay by mile so the upfront high cost will no longer work out cheaper over the lifetime of the vehicle which proves their ‘green’ policies are just another accuse to tax the peasants for every last penny.

[@magsathome65]

This is my opinion Shes going to win. god help us all

[@hydraV1-c7d]

Kamala??? Nah surely not

[@stevebrown6251]

God I hope not or we are all doomed to banana Republics

[@AndyP-b9z]

Sinwar was hiding like a rat.

[@DavidMeikle-ei7fr]

In which Universe does Labour think that raising taxes will encourage investment and growth ? Their incompetence is staggering and is getting greater every day. This country is screwed

[@ShyTalks-d8b]

By funding public services & infrastructure. That gets the economy running more effectively.

[@Peter-rd9jf]

​@@ShyTalks-d8b Spending 8 million a day on illegal immigrants is boosting the economy ? Got any more jokes...your on a roll😅

[@ShyTalks-d8b]

@@Peter-rd9jf Public services like health, education, transport, energy. No-one mentioned immigration gammon-boy.

[@Peter-rd9jf]

@@ShyTalks-d8b 8 million a day wasted on illegal immigration..and your too thick a leftie to work out why every council in the country is bankrupt....

[@andrewcharlton2709]

they just don't get it, most public schools are dreadful, having 30 odd kids in one class, is not good for any kids that need help. at the end only the super rich and rich will be able to afford private schools. Damn this country is still a class structure

[@stiggydore4543]

This is a result of people choosing to not bother voting instead of going out and voting for reform. Wasted vote let the clowns in

[@minstrelofMir]

reform are not a party,they are a bissness,,what does that mean ?

[@davekelley4076]

Inheritance tax is disgusting.

[@anty66]

What's the point of striving for yourself and your family only for Reeves to dip in and take it; and waste it. So become reckless and spend it and join the benefits bandwagon.

[@johnkitching2248]

Why should kids who've done nothing to deserve that inheritance receive money when others don't?

[@janetross8601]

Is tax the only thing this horrible Labour think about is there nothing else . Can't they think about getting Britain back to normal for the British people. All they think about is TAX TAX TAX TAX TAX it's ridiculous and unbelievable...

[@manclad0161]

Always knew there was a reason I didn’t like clowns!then came along this circus

[@gailnevill286]

Same here

[@DavidSmith-mo3dk]

AND... the people will do nothing, the level of apathy is off the chart. We pay tax which is sent by the government to many other countries, this means we pay too much tax.

[@johnkitching2248]

Putin troll stirring up apathy.

[@sarabird6487]

They Don t care this goverment desgraceful

[@minstrelofMir]

did the Con"S care ? no

[@magsathome65]

You will have nothing and be happy 😡

[@bernicewhiteley1921]

What the hell, you couldn’t make it up.

[@harrietkinloch7451]

There is no hope for us now, Britain is finished, thanks labour voters, hope you're pleased with yourselves.

[@gailnevill286]

Do they want people to work or be spongers like them

[@mda5003]

Inheritance threshold is not £1million when there is only one surviving spouse who's partner has died before 2017 - the nil rate is £325,000 + residence nil rate £175,000 i.e. £500,000 is the total nil rate only when a house (value up to £175,000) is being left to direct descendants.

[@guitaringjarmin]

When you see a labour voter on the street, remember to thank them for all of this

[@ShyTalks-d8b]

If I had a pound for every right-wing troll saying: "Thanks Labour voters", I'd have 56,994 quid.

[@guitaringjarmin]

@@ShyTalks-d8b Tories aren't any better either

[@ShyTalks-d8b]

@@guitaringjarmin The tories are shyte. We agree.

[@Roman_Eagle]

@@guitaringjarmin Stop voting for the uniparty, Blue Leibour or Red Tories. 3rd parties exist and can break the cycle if people pull their heads out of the sand and open their eyes. Hopefully, by the next election, the trend of people doing so will lead to a government of vaguely competent people.

[@dianearkley2657]

All planned

[@Slumbert]

2 hotdogs... 1 with Rachel lying. Couldn't see difference between those two hotdogs.

[@daveslater309]

How about removing trusts - that would raise more money. Remember the very rich NEVER pay inheritance tax.

[@timg1246]

All they would do then is take their money abroad. People and money have never been more mobile.

[@whitehart11]

Taking pensioners' money when alive and dead!

[@leemccabemccabe5627]

OMG.NHS Trust ✝️ 🙏

[@paulslater9061]

They're the same party as the Conservatives so it's not surprising how many policies are the same

[@colinatkins271]

Is there nothing this deceitful, odious chancellor won't do to destroy the UK?

[@AlexArmstrong-c6l]

How about waiting to see if she does? Rather believing anything Talk TV says MIGHT HAPPEN?

[@SistorCarrera]

fek ur chat stop the boats ffs

[@Slumbert]

Taxzilla

[@philpotter4640]

Surely farms are a limited company?

[@johnathanrowley2707]

So basically labour is destroying uk heavy engineering, farming and retail cause if you take money from familes, old people and disabled people they wont able spend their money which would resalt in shop closures and job loses

[@PaulSawyer-xc6gu]

davos/wef

[@hydraV1-c7d]

IHT is the biggest po$$take going

[@DaystromDataConcepts]

Why should my taxes be used to fund Labour party members being sent over to the U.S to promote another left leaning government? If only those U.S Democrat supporters could also be shown how such a government here has fared, they might well think twice about voting for Harris.

[@markhutton6055]

Carousel -

[@PeterBirchall-gl6rf]

Change your name from TALK to THE VOICE OF REFORM....why waste time discussing the budget proposals BEFORE the Budget..get the hard facts then discuss...just scaremongering..You complain BBC news reporting then have a guess what will happen show...Tell us what is happening in the world...that's if you know

[@timg1246]

No one criticises the BBC because they speculate on future possibilities. If you want to see why the BBC has already been abandoned by 1 in 6 households, try watching an episode of 'Doctors' before that ends it's run.

[@EdwardCoblah]

I'm favoured financially with Bitcoin ETFs approval, Thank you buddy.$28,600 weekly profit regardless of how bad it gets on the economy.

[@timg1246]

Oh sad. A chat bot without any followers.

[@catherineclark4484]

I THINK THE 22 BILLION BLACK HOLE, CAME FROM TAYLOR SWIFTS SONG, SEE THE CONNECTION, TAYLOR SWIFT CONCERT AND 22

[@ajax201000]

There is no 22 billion black hole

[@birdlover7690]

​@@ajax201000 Agree it is just a swipe at another 'sane' political party

[@catherineclark4484]

@ajax201000 I know but it doesn't stop them going on and on about it, I know its made up because it's going on something else like carbon, I mean they've got the idea

[@amandag2213]

Seriously thinking of selling my house, buying a van and going off grid away from this f**king shite show!!!!

[@Drew-oh7sc]

​@@ajax201000How do you know that?

[@DeneMonkey]

Oh no the rich need to pay more

[@MarkPayne-k7l]

Why should people not pay full tax on unearned income such as a windfall inheritance? They have not worked for it and in the scheme if things do not deserve it merely by breathing. If inheritance windfalls were properly taxed the income tax burden on the rest of us could be eased somewhat. That IS tax on someone's personal efforts, unlike grabbing money without working for it.

[@MarkPayne-k7l]

Moreover, I wished to add that not only is the sight of victims howling at the moon when they receive unearned inheritance windfalls deeply unedifying, but such people are totally without a shred of self-respect let alone empathy for other human beings. Grab, grab, grab is all that matters to them.

[@timg1246]

It is their money. Did YOU earn what somebody else has ? So why take it. We should not be talking about better ways to take other people's money. We should be talking about how to spend less of it.

[@MarkPayne-k7l]

@@timg1246 This is not addressed to me but reads as though it is. Yes, it is "their" money minus a suitable level of tax. What is wrong with that? And no, I did not earn "what somebody else" has as I have always turned my back on unearned income throughout my life as a moral imperative. As I say, grab, grab, grab is all that some sad people can think about. Earned income is something else entirely. As you want to be personal (kindly now tell us all about your personal circumstances in turn or you will look like a ridiculous and risible buffoon) I have spent around sixty years earning money, paying tax on it and using the remainder to build my life and that of my late wife. Without ever playing at being a professional victim or moon-howler. So what is your point, pray as you do seem to garble things a little and lack precision in argument?

[@timg1246]

​@@MarkPayne-k7lIt is not addressed to you but reads as though it is ? What does that even mean ? You want what someone else has worked for. That is NOT morality. It is socialism.

[@MarkPayne-k7l]

@@timg1246 You do seem to have difficulty with the English language. What I write simply means what it says. Your post was placed in the response zone for mine. As we are talking however, I have never wanted what someone else has. Wherever do you get that idea? It cannot be from my postings and you do not know me so perhaps your clairvoyant needs to be sacked.That said, it is not socialism (what is that anyway?) to say that inheritance bequests, which are utterly unearned income for the recipients, should not be taxed. The debate is over, or should be over, a morally fair level to set that tax. Of course, to use your own standards of logic, all taxation is confiscation. I may well agree with you, but given that for hundreds of years this country has suffered taxation of one sort or another we should look dispassionately and not histrionically (with personal bile thrown in as you seem to project for some reason) at fair levels of tax wherever that may be appropriate. And in this specific instance, taxation of unearned inheritances, that is most certainly apposite. I invite you yet again to disclose your personal circumstances as you seem to demand other peoples' , or at least to make quite ignorant assumptions about strangers' positions.

[@johnkitching2248]

It's not a death tax. It's a tax on rich people's kids getting free money.

[@elizabethmair2948]

The very rich won't be paying. They have accountants and financial advisors working out what to do with their money to pass it on tax efficiently. People who have worked all their life to buy a house and or build a wee nesting will pay.

[@johnkitching2248]

@@elizabethmair2948 The rich pay most of IHT. Their advisers can only evade so much. Which irritates the people who pay you to post no doubt.

[@timg1246]

It is a tax going to a wastrel government whose only answer to any given problem is to throw money at it but never solve it.

[@johnkitching2248]

@@timg1246 Or: money going to a government to provide public goods that benefit everyone rather than just the few who benefit from large inheritances.

[@timg1246]

​@@johnkitching2248Or, money going to China so they can send spies here to attack our democracy. Or, money being spent encouraging migrants, both legal and illegal, to compete with our own people for jobs and housing. Paying tax is an immoral act.