Reforming IHT - by Simon Sweetman
It is my belief that the current crusades against IHT are ill founded, and that examples of real hardship caused by the tax are few and far between. Not everyone agrees, and there is no doubt that IHT, having been created by shoehorning irrelevant bits of old death duty legislation into the still largely experimental CTT, is an incoherent tax. Many European countries find an annual wealth tax a better option.
For the time being we must live with IHT. However, there are places where reform is needed.