zlacker

>>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
Farmers with active farms have not been paying inheritance tax and won't until 2026, and even then there are ways to avoid most of it (couples can pass on £3 million without tax for example). See https://www.gov.uk/government/news/what-are-the-changes-to-a...