Problem

Prohibitive death duties

Other Names:
Distortionary inheritance taxes
Nature:
Failure to account for government duties applied to inheritance can result in undesired sale of family property, inadequate provision for a surviving spouse and other family stresses.
Incidence:
In the UK, inheritance tax on estates starts at 40% for estates in excess of £128,000.
Problem Type:
E: Emanations of other problems
Related UN Sustainable Development Goals:
GOAL 12: Responsible Consumption and Production
Date of last update
01.01.2000 – 00:00 CET