1. World problems
  2. Prohibitive death duties

Prohibitive death duties

  • Distortionary inheritance taxes

Nature

Failure to account for government duties applied to inheritance can result in undesired sale of family property, inadequate provision for a surviving spouse and other family stresses.

Incidence

In the UK, inheritance tax on Estates start at 40% for estates in excess of £128,000.

Broader

Aggravates

Aggravated by

Dying intestate
Presentable

Reduces

Personal wealth
Presentable

Related

Strategy

Writing a will
Yet to rate

Value

Prohibition
Yet to rate
Distortion
Yet to rate
Death
Yet to rate

SDG

Sustainable Development Goal #16: Peace and Justice Strong Institutions

Metadata

Database
World problems
Type
(E) Emanations of other problems
Biological classification
N/A
Subject
  • Commerce » Property
  • Commerce » Taxation
  • Life » Death
  • Societal problems » Distortion
  • Content quality
    Unpresentable
     Unpresentable
    Language
    English
    1A4N
    J4609
    DOCID
    12046090
    D7NID
    146525
    Last update
    Oct 4, 2020