Inheritance Tax

It is an expensive tax to collect and it creates an army of leeches, who try to suggest increasingly complicated ways of avoiding it.

So don't tinker with it and abolish it immediately.

1. It will cost a few billion.
2. There would be a lot of job losses in the tax avoidance business, so some of the best brains in the country could do something more beneficial.
3. If we abolished Inheritance Tax, then a lot of rich Europeans would come here to spend their last days.
4. But one benefit that would happen is that the elderly who live in large houses would seriously think about redevelopent, rather than trying to leave it all to their children.

But the biggest reason for abolishing it would be that countries like Italy have affectively abolished it already. So we'll have to do it anyway!

How would you pay for it?

The easiest way would be to perhaps put one or two pence on the higher rates of Income Tax say for those earning over £50,000.