INHERITANCE tax could be scrapped under the Labour Party, Shadow Chancellor John McDonnell has implied. He signalled interest in a plan for the abolition of Inheritance Tax - instead being replaced by a “lifetime gifts tax”. How would the tax threshold change under the proposal?
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Inheritance Tax could be scrapped under Labour - but replaced with tax on gifts to family
![Inheritance Tax could be scrapped under Labour - but replaced with tax on gifts to family]()
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