Hello,
I have read articles in the press explaining Corbyn's plans for IHT above a lifetime treshold of 125k and the rest taxed at income tax rates every year.
I don't understand the concept, how can a house be taxed at income tax rates every year if its value fluctuates?
I am not an expert but his ideas are inconceivable from the point of view of policing fluctuations in property values and taxing this every year.
What do the experts on here think of the proposals from an enforecement point of view?
Regards,
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