Reports are suggesting that Labour will impose a double death tax on grieving families as a way to fund the UK economy, but this will only do more harm than good in the long term. As Britons anticipate the upcoming Autumn Budget, speculation is mounting that capital gains tax will be reformed and one option is to charge bereaved families the tax on top of inheritance tax. The idea of imposing capital gains tax on top of inheritance tax, potentially leading to total rates over 50 per cent is deeply flawed both in terms of practicality and principle. While it might raise some additional revenue …
