Inheritance tax could be abolished

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This 556-word blog post covers comments made by Chancellor Sajid Javid at a Conservative Party conference fringe event this week, hinting that inheritance tax could be reformed or even abolished in the next Budget. Written on 3rd October 2019.

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Article preview: Could inheritance tax be for the chopping block at the next Budget? Speaking at a Conservative Party conference fringe event this week, Chancellor Sajid Javid gave a strong hint that the unpopular death tax could be reformed or even abolished later in the year. The event, which was organised by the Institute of Economic Affairs and the Taxpayers’ Alliance, saw the Chancellor admit that scrapping inheritance tax is something a Conservative government may consider soon. He acknowledged that inheritance tax is hugely unpopular, due to the inherent unfairness of taxing income during life and at death.