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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?

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

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.

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.

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.

This just sums it all up for me . Thanks .

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.