Submitted on Saturday 23rd November 2024
Rejected on Friday 13th December 2024
Current status: Rejected
Rejection code: duplicate (see below for details)
Abolish inheritance tax for everyone
There is a petition asking for an abolition of inheritance tax for farmers. I call for it to be abolished completely. When someone dies the family experiences the most stressful experience imaginable. The last thing needed is a tax bill or to be forced to sell family assets to pay it.
The OBR In 2024-25 forecasts that IHT will raise £7.5 billion representing 0.7 per cent of all receipts and is equivalent to 0.3 per cent of national income. (1) £7.5 billion is nothing compared to a government income of £1 trillion. There are better ways to fund this and I have set up petitions for this. It is high time it was abolished completely, if anything, for humanitarian reasons.
(1) https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/inheritance-tax/
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:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign:
Don't change inheritance tax relief for working farms
petition.parliament.uk/petitions/700138
3.133.153.224 Wed, 25 Dec 2024 08:13:47 +0000
