Tuesday 9 October 2007

"Inheritance taxes cut for couples"

Pretty cunning counter-move by The piece-of-shit Badger; allow married couples/civil partners to pool their IHT nil-rate bands, which is something that you can do now, but it involves all sort of legal expenses to set up, trusts and stuff.

How the f*** will they enforce it? What about widower who is thinking of marrying a widow, will they be able to double up yet again to arrive at a £1.2 million nil rate band? Or will they only keep the £600,000 each if they don't get married? What about Islamists with four wives, will they get a £1.5 million nil rate band - it'd be pretty un-PC no to? And what about couples who can't or won't get married for innocuous reasons? What about a Catholic who doesn't want to get legally divorced from a spouse, but wants to leave everything to his or her new partner?

Well, it's all grist to the tax-planning mill, I suppose.

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