It comes as no surprise that members of the public who support both the left and right in terms of their political views feel that inheritance tax is 'toxic'. The general feeling of the average person is that they have worked hard, been taxed through life as a result and ultimately have to watch successive governments take a second bite of the cherry on their death.
This element of perceived double recovery is the thing that really irks the public, particularly with the lack of enthusiasm for raising the nil rate band allowance without the need for a qualification as a rocket scientist to understand what is being proposed. Perhaps the Treasury could learn something from the Plain English campaign.
One of Britain’s leading leftwing thinktanks has proposed the scrapping of inheritance tax after concluding that vehement opposition to the levy from across the political spectrum made it too toxic to save. Andrew Harrop, general secretary of the Fabian Society, said the “really surprising” finding had been the opposition of people on the left to inheritance tax. “The public see the value of the tax system, and they want it to be fairer, simpler and more progressive. But some taxes are now beyond the pale, even for people who are supportive of progressive measures. Inheritance tax is seen as unfair and insensitive even by left-leaning voters, and has become too toxic to save.”