Is this suggestion to abolish inheritance tax and replace it with income tax on the beneficiaries really going to achieve anything in real terms?
It would of course be much fairer on those recipients of legacies who are otherwise at the lower end of the wealth spectrum.
A tax on assets that have already been taxed and taxed again is never going to be popular. All political parties know that the issue of inheritance tax is one to try and avoid in party politics.
Inheritance tax is too toxic to save and should be scrapped entirely. In its place gifts, bequests and other transfers should instead be taxed as income, at the recipient’s marginal rate.