Submitted on Friday 20th March 2020
Rejected on Monday 20th April 2020
Current status: Rejected
Rejection code: no-action (see below for details)
Suspend Inheritance Tax for the duration of the Coronavirus outbreak
There should be an Inheritance Tax 'holiday' as part of the financial measures to cope with the crisis.
This would mean that parents who can, should be able to help financially if their children are struggling because of the virus. This would safeguard the future of families and reduce some of the burden on the nation's resources. It would also let older people, (who cannot currently offer practical help due to self-isolating) contribute to the country's effort to get through this.
There will unfortunately be deaths of elderly people due to this virus, and inheritance tax will place an economic burden on their families at a point when they are least able to pay.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
We're not sure exactly what you'd like the Government or Parliament to do.
We're not sure exactly what you mean by an Inheritance Tax 'holiday'. In particular, whether you would like funds to be able to be gifted now and excluded from calculations if relatives pass away after the outbreak has finished, or if you mean no inheritance tax applied to the estates of those who pass away during the outbreak.
You could start a new petition explaining clearly what you would like the Government or Parliament to do.
You can find out more about coronavirus and how you can protect yourself and others here:
www.gov.uk/coronavirus
www.nhs.uk/conditions/coronavirus-covid-19/
You can read NHS tips to help if you are worried about coronavirus here: www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips
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