If you was in charge of the Budget.

[mickd1961]

Inheritance Tax should be vastly increased.
Millions of people are these days being 'left' houses in their 50s (eg) by millions of deceased 80s (eg). The recipients haven't EARNED that huge benefit (which is what Tax is all about). So now we're getting comfortably-off 50 year-olds wondering what to do with their £2-£300,00 pound house. And guess what? - they rent it out as holiday homes, thus causing a huge shortage of houses, pumping prices up to ridiculous amounts, which poorer people just can't afford (especially with the Mortgage Rates now chargeable).
The rich are laughing their b*llocks off and claiming their poor deceased parents 'worked damned hard' for that house. (Not as hard as most poorer people, mind.)
Tax has GOT to be raised somehow, from somewhere, so why not get it from 2nd home owners. Their FOLKS might have 'earned' it, but THEY haven't.
(Show me a Tory who agrees with me).

A long time since I’ve read such unadulterated rubbish on here, absolutely no perspective at all.

My father in law has severe dementia and has had six years of social care which now costs £1000 per week.

We’ve rented his house out for £1000 a month to help towards his costs but his £300k savings have now almost run out so his house is going to be sold.

Only after a court case to evict the present tenants though after a 12 month period of them refusing to pay rent and a long court case costing around £8000.

So this has incurred a loss of £20k for the old man who did work physically hard as a metal worker ALL of his adult life.

The people in the house all claim benefits and don’t work, the two parents and two “kids” all conveniently have “issues” rendering it impossible for them to work yet they love posting pictures of themselves in sunny holiday destinations and out on the p I s s!

We then found out they’d done exactly the same trick on their previous landlord leaving her £24k out of pocket!

A lot of the tax we pay goes to supporting this type of scum and then they end up spending their housing benefits on holidays etc and saying “f u c k you” to landlords!

My father in law paid his taxes, in fact, he was so prudent he never even had a mortgage........back in the 50’s he refused to buy a house until him and mother in law had saved up to buy one outright.

He has paid his income tax and I believe that due to incoming rent he still pays some tax now at nearly 93.

I BBC simply don’t get the argument that families shouldn’t inherit what parents have already paid their legal rate of tax on.

This is an easy statement to make if you don’t come from a family who are able to pass property on at the end of their lives.

It’s the politics of ENVY.

Governments waste billions of £’s every year on stupid projects, the money is better off in the hands of you and I who will spend it and help the economy and keep people in work.

I’m assuming from your post that you didn’t have anything to inherit and you’ve got nothing of your own to pass on to your children then?