Rejected petition Abolish inheritance tax for everyone

There is a petition asking for an abolition of inheritance tax for farmers. I call for it to be abolished completely. When someone dies the family experiences the most stressful experience imaginable. The last thing needed is a tax bill or to be forced to sell family assets to pay it.

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The OBR In 2024-25 forecasts that IHT will raise £7.5 billion representing 0.7 per cent of all receipts and is equivalent to 0.3 per cent of national income. (1) £7.5 billion is nothing compared to a government income of £1 trillion. There are better ways to fund this and I have set up petitions for this. It is high time it was abolished completely, if anything, for humanitarian reasons.
(1) https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/inheritance-tax/

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

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You may wish to sign:

Don't change inheritance tax relief for working farms
https://petition.parliament.uk/petitions/700138

We only reject petitions that don’t meet the petition standards.

Date submitted 23 November 2024
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