Most say scrap IHT

Majority support scrapping inheritance tax A poll by Martin Lewis reveals that 72% of people are against the divisive death duty on principle. The Money Saving Expert founder's Twitter survey of over 113,000 people found that 44% of those aged 40 and over were against inheritance tax, compared to 16% in favour of it. Among those under 40, 28% of those polled said they did not support the levy and 12% were against it. The Telegraph is also campaigning for an end to the tax. In a follow-up poll, Lewis asked Twitter users how often they believed inheritance tax was paid. Out of over 43,500 respondents, the majority (63%) said they believed at least 10% of deaths resulted in an inheritance tax bill. The figures come as over 50 MPs have lent their support to scrap inheritance tax. Most motorsport businesses would welcome scrapping this tax which acts as a disincentive to entrepreneurship.

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