Death & Inheritance tax, page-9

  1. 28,080 Posts.
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    Sounds like the UK system.

    Anything over $5m tax at 30% including houses & Super balances.

    The gifts idea is open to massive rorting & would greatly reduce the tax gathered.

    You'd also have to have some sort of rollover basis for assets such as family farms otherwise they would have to sold to fund tax payments.

    GST should also be increased to 15% but not expanded from cover range.
 
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