355 landowners in England avoid inheritance tax through a heritage assets scheme, valued at £68M.
A loophole in England's inheritance tax system allows 355 landowners, including aristocrats, to avoid taxes through the "tax-exempt heritage assets scheme." This scheme, valued at over £68 million, permits land registration as heritage assets if owners agree to maintain and publicly share the land. Critics, including campaigner Guy Shrubsole, argue that the conditions are insufficient to ensure environmental protection and urge the Labour Party to eliminate the tax break.
October 29, 2024
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