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
It's 40% above a threshold; the trouble is that the threshold is laughably tiny when you compare it to house prices.

It's also relatively easily defeated by transferring assets to others well in advance of your death, which is the kind of thing very wealthy people are more likely to be able to arrange.