UK Chancellor Hunt Eyes Inheritance Tax to Fill Fiscal Hole
- Considering a freeze on threshold at which the tax kicks in
- Thresholds for income tax, capital gains tax already frozen
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Chancellor of the Exchequer Jeremy Hunt is considering raising more money from inheritance tax as he seeks to fill a £35 billion ($40 billion) fiscal black hole when he announces the UK government’s spending plans on Nov. 17.
Hunt is looking at freezing the threshold at which inheritance tax starts to be paid -- the so-called “nil rate band” -- according to a person familiar with internal government discussions.