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Reform Inheritance Tax law to help people pay the tax

Submitted by Jadwiga Heys on Friday 12th February 2021

Published on Tuesday 23rd February 2021

Current status: Open

Open until: Monday 23rd August 2021

Current Signatures: 12
(count is updated approximately hourly)

Relevant Departments

Tagged with

Covid ~ It ~ Law ~ Misery ~ Money ~ month ~ Reform ~ Tax ~ US

Petition Action

Reform Inheritance Tax law to help people pay the tax

Petition Details

Change Inheritance Tax law so that probate can be granted before the tax is required to be paid. There should then be a 6 month period in which to pay the tax.

Additional Information

Currently, probate isn't granted until the tax is paid. Unless the person inheriting is rich, probate can be needed to liquidate the estate in order to release funds to pay the tax. After my brother’s death the Inheritance Tax was vastly more than our savings, so it was a struggle for us to pay. Where would most people find the money? Especially in these Covid times where many people suffer serious financial hardship. Changing the law would avoid causing further misery to people who are already grieving.

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repetition.me is a Good Stuff website Sat, 27 Feb 2021 00:17:32 +0000