>>fortra+(OP)
> The exemption was restricted over time to largely benefit foreigners who don’t expect to live in the U.K. permanently.
Sounds like it worked out as planned, since they're leaving now.
Plus, 40% inheritance tax is crazy. You'd have to sell off half of what you inherit to pay the tax. Sucks if you're a farmer or a multigenerational family business
>>comrad+T1
The other side of the coin is that inheritance is allowed at all. We could tax at 100% above a certain threshold, wealth only exists because it is permitted through the recognition of property rights. 40% is arguably more than reasonable when you’re desiring to transfer generational power the beneficiary did not earn, but simply was lucky to be in the right lineage. It is a lottery ticket.