Merryn Somerset Webb, Columnist

The Case for Getting Rid of Inheritance Taxes

The UK’s IHT is a bad tax. Abandoning it as it stands is the moral thing to do.

June 8, 2023 at 4:00 AM UTC

Corrected

June 8, 2023 at 8:59 AM UTC

Merryn Somerset Webb is UK Wealth editor-at-large, covering personal finance and investment, and host of the Merryn Talks Money podcast. Previously, she was editor-in-chief of MoneyWeek.

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The UK has a complicated, punitive, badly constructed and all-around dysfunctional tax system.

The code contains over 10 million words. That is about 12.5 times the number of words in the Bible (around 800,000 words), 12 times the number in the Complete Works of Shakespeare and 8 times as many as the longest novel ever written (Marcel Proust’s À La Recherche Du Temps Perdu).