Monday, 22 February 2010

More inheritance tax?

There is nothing that our tired and divided Labour government will not tax to fund their crazy "spend spend spend" mentality.

Their latest idea is a ‘Pay As You Die’ scheme that will force the elderly to sign away their homes to pay their soaring council tax bills.

The Government quietly enacted a measure in November 2009 to permit pensioners to ‘defer’ their council tax bills, and instead pay – with interest – when their property is sold or on death of the surviving resident spouse.

The Liberal Democrats, as ever support the Labour Government and their policy paper, ‘Fairer, Simpler, Greener‘ advocates “There could be an arrangement to allow pensioners to postpone payment of the property tax, with the unpaid tax becoming a charge upon the owner-occupiers estate. They could be recouped by the Revenue when the house was sold.”

The simple message from this is that a vote for the Liberals will result in an extra inheritance tax levied by the local council and a higher council tax .

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