Should India abolish the inheritance tax?
The inheritance tax is a tax on money and possessions you pass on when you die. A certain amount can be passed on tax-free, which is called the "tax-free allowance" or "nil rate band". The current tax-free allowance is £325,000 which has not changed since 2011 and is fixed at that rate until at least 2017. The inheritance tax is an emotionally charged issue as it comes up during a time of loss and mourning.
@9CPZDYLBharatiya Janata9mos9MO
There is no inheritance tax in India.
@8T6TQVRIndependent3yrs3Y
No, but it should be increased.
@8XJBSGM2yrs2Y
No, Focus on Tax Evasion
@8V8RS56Independent3yrs3Y
Based on the cumulative wealth of the recipient
@8LWQF5Z3yrs3Y
Inheritance should be abolished, whatsoever.
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