Postby nokka » Fri Mar 03, 2017 3:31 pm
The more I read about the new RNRB the more ridiculously unfair it appears. I am struggling to understand why the rules appear to benefit those who have their wealth tied up in residential property. The more wealth you have in your main home the less tax the estate will pay compared to if your wealth is in other assets. This suggests people with identical sized estates will have a different IHT bill purely dependant on if they have an expensive house or not. The more expensive the house, the less tax you'll pay. Or that's how I read it - am I missing something ?
Or maybe this is just the Tory's giving those living in the South East a bigger tax break as houses there are more expensive than in other parts of the country. Whatever next - different levels of income tax based on where you live ?