DAILY EXPRESS: LABOUR wants to hammer every home owner in Britain with a spiteful 10 per cent death tax, it emerged yesterday.
The levy would be charged on all estates up to the current inheritance tax threshold of £325,000.
Any amount above the existing threshold is already taxed at 40 per cent. But the extra charge would add a huge £32,500 on top of the tax bill for such properties.
It means people with an estate valued at £500,000 would find their relatives hit with a bill of £102,500 after their death. >>> Sarah O’Grady | Thursday, March 11, 2010
