 "The Mail on Sunday (London, England)")
|
Blair's inheritance tax sweetener for Middle England; Labour claims shake-up would leave millions better off - but wealthy face new 50pc top rate.
From:
The Mail on Sunday (London, England)
| Date:
August 22, 2004
| COPYRIGHT 2004 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Byline: JONATHAN OLIVER
A MAJOR shake-up of inheritance tax is being planned by Tony Blair in a bid to win back the votes of the home-owning middle classes.
The plan would cut death duties for thousands - but the rich, with homes worth [pounds sterling]763,000 or more, would be hit by a new 50 per cent super-tax.
Labour strategists last night claimed the plans would mean that nine out ten of those caught in the inheritance tax net would pay less in...