Submitted by Emily Wright on Thursday 21st November 2024
Published on Friday 3rd January 2025
Current status: Open
Open until: Thursday 3rd July 2025
Current Signatures: 11
(count is updated approximately hourly)
Relevant Departments
Tagged with
10 years ~ Benefits ~ Busy ~ Ensure ~ Equal ~ Events ~ Fairs ~ Forced ~ foreigner ~ Government ~ Inheritance ~ Inheritance Tax ~ investment ~ Jobs ~ Personality ~ property ~ relief ~ risk ~ Rural areas ~ security ~ Tax ~ Tragic ~ Up ~ work ~ Working People ~ Years
Increase inheritance tax relief for businesses based on number of employees
The proposed 100% relief for IHT is £1million. Whilst individually this is a lot, across businesses with 3+ employees it equals less per person than the current relief on properties. It is estimated that up to 391,000 people risk losing their job, if the owner of the company they work for dies.
We think the Government must act to protect jobs by reinstating 100% IHT relief for business property or implementing relief that's the higher of £325,000 or 10 years salary, per employee. We think employees should be protected to ensure job security after a tragic event. Without action, we think people will be forced onto benefits, worsening the deficit , especially in rural areas with limited foreign investment. We think this policy would be fair for working people striving to earn a living. Workers need job security.
If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.
3.137.198.181 Mon, 06 Jan 2025 07:48:28 +0000
