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‘One-two punch’ – Families face huge capital gains death tax under Burnham
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NEWSDECK ANALYSIS
Capital gains tax is a levy on the profit made from selling certain assets, such as property or investments. The tax is typically paid by the person selling the asset, but in the case of inheritance, the tax liability can fall on the estate of the deceased or their beneficiaries. The potential change to capital gains tax on inherited assets could have significant implications for families who inherit valuable assets, such as homes or investments, and may face a large tax bill as a result.
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‘One-two punch’ – Families face huge capital gains death tax under Burnham
Bereaved families could face a huge tax bill under an Andy Burnham premiership if the likely next Prime Minister presses ahead with a policy to hike capital gains tax on assets of the deceased. Supporters of Burnham, including the former health secretary Wes Streeting and ex-transport minister Louise Haigh, have said previously they believe wealth [...]
9 Jul, 03:48
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