Why a majority of voters think the Labour government should cut inheritance tax

A majority of people think that inheritance tax should be lowered, according to exclusive polling conducted for City AM. Research from Freshwater Strategy showed that 54 per cent of voters think the controversial tax should be set at a lower level. It is currently applied at a flat rate of 40 per cent on estates worth over £325,000. The Office for Budget Responsibility (OBR) estimates that inheritance tax will raise £7.5bn in 2024/25. Just under a quarter (24 per cent) said it should be ‘a little lower’ while nearly a third (30 per cent) said it should be ‘a lot lower’. Only one in ten (nine per cent) said it should be higher. Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam #news #politics #tax #uknews #ukpolitics #inheritancetax #personalfinance #finance