The truth behind David Cameron’s new inheritance tax policy
David Cameron’s new Inheritance tax policy is clearly an important political message of aspiration and family values rather than a policy that will either help many or actually have much fiscal impact. The OBR has numbers on death rates and estates subject to the tax: just under 600,000 people died in 2013/14 and only 5 per cent of those had estates that were liable to inheritance tax. So that is just over 26,000 deaths in one year whose estates paid inheritance tax. According to the Telegraph, Cameron’s policy would only begin in 2017, two years into the next parliament. So three years of this policy and on 2013/14 rates this