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To not understand this at all ( inheritance tax related)

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GrannyTwice Sun 12-Apr-15 18:39:25

1. The Conservatives plan to raise a £1bn by restricting tax relief on pension contributions for those earning over £150,000
2 . They then plan to give this money to the 22,000 families with homes worth over £1m who leave these family homes to their children or grandchildren

am I missing something?

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GrannyTwice Wed 15-Apr-15 10:47:06

I care about a lot of things that I am not affected by

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GrannyTwice Wed 15-Apr-15 10:50:43

Here's a for example - my gp practice is well run and getting appointments and having sufficient time with the GP is never a problem. I care about those parts of the country where this isn't the case and am interested in the various fairytales solutions being put forward to deal with this

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jinglbellsfrocks Wed 15-Apr-15 10:57:29

Yes. So do I. But my kids' inheritance just ain't gonna be one of them! grin

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jinglbellsfrocks Wed 15-Apr-15 10:59:38

A boatload of children being lost at sea somehow gets me down more than the thought of IT.

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MamaCaz Wed 15-Apr-15 15:32:05

Here's my latest "thought" - worth nothing, as usual, but here it is anyway:

If someone currently has a home valued at well under the £1m that would see IT kick in, but has a large amount of capital that would be subject to IT, might they consider upsizing up-valuing) rather than downsizing as they get older, as a way of maximising what they can pass on?

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