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   Please note: This topic is for your comments and feedback on Product Tests and Surveys being run by Gransnet. It is not the place to post (or ask for) comments on other products or to post your own surveys. If you do this, your comments may be deleted. If you'd like to run your own product test or survey, please email [email protected]. If you are an entrepreneur or start-up and would like to ask for some feedback, please visit our media requests topic here

UK GNer aged 50 or over? Complete this survey about Inheritance Tax for the chance to win a £100 voucher.NOW CLOSED.

(8 Posts)
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RebeccaEGransnet Mon 12-Sept-16 15:17:30
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We've been asked to find out about Gransnetters' opinions on Inheritance Tax.

Please take a few minutes to fill this survey and you will be entered into a prize draw where one Gransnetter or Mumsnetter will win a £100 John Lewis voucher.

This survey is open to UK Gransnetters aged 50 and over.

Complete the survey here.

Thanks and good luck with the prize draw!

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Charleygirl Mon 12-Sept-16 17:14:44

I have filled it in, very easy especially as I live in London and my garden shed must getting close to the inheritance tax figure.

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gillybob Tue 13-Sept-16 21:36:03

This just sums it all up for me . Thanks .

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jcyclops Tue 13-Sept-16 23:25:17

The law needs changing. My suggestion is that each person should be allowed to leave one residential property to whomever they wish free of inheritance tax, but unless it is a spouse/civil partner, the transfer should be subject to stamp duty. The rest of the estate should be subject to IHT under rules similar to now but with a much lower tax free allowance. Most loopholes such as trusts etc. should be closed.
The most unfair aspect of IHT is that the tax must be paid before the assets are distributed - the receipt for payment of tax is needed for probate to be granted.

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grandMattie Wed 14-Sept-16 19:10:58

Another unfair thing, is the goods and chattels, however small must be registered and valued. It encourages people to try and dispose of all such assets before they die so as not to attract IHT. Perhaps a lower limit should be attached to chattels? Thing like books, or unimportant pictures or whatever. Of course, large or very valuable furniture/jewelry/paintings etc., must and should be included in the valuation.

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boo2410 Sun 18-Sept-16 12:03:54

All done. I'm sorry I really don't agree with IT at all, there's enough tax paid when you're alive. Wages, shopping, savings and stamp duty. I want my son to have it all so I will give him as much as I can whilst I'm alive, keeping in mind the 7 year rule.

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NonnaW Mon 26-Sept-16 18:19:06

Done. Not sure if we might meet the figure taking possessions into account as well as the house.

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GrandmaMoira Tue 27-Sept-16 11:12:57

I've completed it. We paid IHT on my father's estate after he died in 2002. For years his estate was below the threshold but house prices had pushed him above it back then. I live in a terraced house in one of the poorer boroughs in London but my house is way above the threshold. I have two sons still living at home so they will have to raise the tax in order to stay in their home when I die. What happens to people in that situation if they are retired or unemployed?

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