Jeremy Corbyn plotting major tax raid on parents' gifts to children

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Jeremy Corbyn is plotting a major tax raid on children helped onto the housing ladder by their parents and those who inherit even the lowest value homes, The Sunday Telegraph can disclose.

A report commissioned by Labour proposes replacing the current system of inheritance tax with a "lifetime gifts tax" levied on cash or homes given to individuals during the course of their lives.

 

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Parents who worked and paid taxes all their life should be allowed to do whatever their wish with their money ! Lockhimup

I not happy what Jeremy corbyn planning to bring the very huge inheritance tax from parents gifting to children from they inheritance.

Socialism jeremycorbyn BuyGold BeAfraid

This would only be the tip of the iceberg with this clown

Malevolent communist CxxT

Nasty Labour. Next they will plan to rob ESA claimants of £30 a week, change State Pension rules so some couples will be £7000 pa worse off,increase probate fees and death certificates,maybe increase prescription charges to affect millions. Sorry Labour,Tories beat you to it.

So the thing I’ve worked hard all my life for he wants to take away. Well fuck that!

So against everything Labour purports to be no?

Labour always find ways to spend money that they have not earned. My parents worked hard to set themselves up and help me and my sister, for which I am grateful.

We need to know if this tax is: Per parent Or per child. If each child has a pre tax gift allowance then big families will pass on more tax free than small (green) families. Can't make much sense out of this UKLabour idea? tax inheritance jeremycorbyn

Let’s just tax humans for being able to breath shall we.

hocwatch In order to achieve what exactly? This is classic labour they want emotional policies to achieve equality which help nobody but the state.

There ‘ll be a lot of unhappy people in Islington , within the M25 and South of Birmingham! Aren’t those the votes he needs?

Corbyn want to win the election then sort out ensuring the rich and corporations pay their taxes. In fact stop very low paid workers paying tax that would get you elected and actually produce the fairer society you waffle and splutter about but never deliver.

Just like the Tories are actually raiding working class people of both their money and lives?

His supporters will never believe it, even when the labour party are emptying their bank accounts they will blame someone else, they are a cult.

How can one man come up with the most stupid and irresponsible ideas. He gets worse

I do love the comments trying to suggest this is fake news cooked up by the Telegraph. The report it refers to is available on the official Labour website, was produced by the Resolution Foundation and was commissioned by UK Labour. truthhurts

Lost any confidence in what the Boris fanzine says now.

With all this wet weather I didn't think the Magic Money Tree was going to bear any fruit this year but it's in full bloom now. Phew!

Sick of him now...

Smart British people please, do your best to get this illiterate, who has a EE A-level result, out of British political circle, forever.

This is a lie by the way

Here is hoping this idiot looses and

Anything to get hard working people’s money, he’s no different to the tories, can’t trust any of them, Labour has gone to the dogs, if this is true shame on you jeremycorbyn 😡

There’s going to be no point working of labour get in.

Typical Liebor when I work I pay my taxes no worries no cheating, what I have left is mine not the Marxist idiots in Liebor, yet if I am careful invest wisely for my future and my kids they want to tax me again. Sounds like as always they hate people who take care of themselves

Ooooo AAaaarrrrooolllddddd

No he isn't!! Stop being so dramatic.

The eternal struggle between people’s greed and desire for the government to do more with less.

Mejor qué le cobren impuesto a santa y a los santos reyes

Ooh I’m scared. Another crap story from the Bellylaugh newspaper

Jamken22 Good old Torygraph scaring the bejasus out of the middle class.

What a vote winner! Plonker.

Sounds about right - why not go for the Super-Rich?

Good. Should create a level playing field and expose the fallacy of social mobility.

Excellent.... yet another idea to lose more support... You just couldn't make it up 😂😂😂

What a plonker!

The real Commie Corbyn in action

Marxism back from the 40s

W⚓️!!

Excellent. That’s his electoral chances done. 😂

Horrid hateful man but not to worry, he'll never be PM.

Same cap. Same policies.

He is working very hard to be unelectable.

Jamken22 More project fear from the Telegraph. Fake news.

I thought it was only the super rich that would be taxed to the hilt. Typical Corbyn...the working class will pay for his little red book ideas.

Tax it again

He’s a money grabber.

Which parents? Which children? Are these The Camerons with offshore hoarding of monies upon which they have never been taxed because it was “amassed by secretly plundering” the WC!

Jamken22 Or to put it another way.Corbyn would rather take tax money of the wealthy. And people who are going to get money for doing zero. Rather than taxing hard earned wages. Working people have earned with their own toil.

Jamken22 Go for the big company’s not paying the correct tax.

He makes me not want to work hard! Destroying the middle classes, while only putting a scratch on the rich.

An apology for manhood !

liebour the friend of the working man 🤣🤣🤣🤣

Daylight robbery, Corbyn using the Labour Party as a back door for Marxist ideology , he might do it by vote rigging

Quite right, too

Socialism at its worst.

Laughable nonsense presented as fact, welcome to the Barclay Brothers Propaganda sheet!

Labour can and will win but only if it moves back to centre ground just like the pre Blair era. Can Corbyn and the Labour Party recognise this soon. No Borisism or Corbynism, we are the people in the middle.

Is he for real ?

Venezuela here we come.

Two ways of skinning a cat jc, you go ahead you wont get a penny from me.

The perception is that inheritance tax is only for super rich. However most of the beneficies are hard working middle classes who's parents spent their life paying off a mortgage

Any money after tax and NI is. Paid should be free for individuals to spend as they want not taxed again.this is wrong of any government

Wow, that’s a game-changer, a real vote-winner that is 🤡

ShropshireMan I work hard for my daughter not myself and then after years of working my fingers to the bone just for some creten to come along and STEAL from my daughter it's disgusting.

Boris plotting major tax bonanza benefitting the richest in the country.

Corbyn you will get sweet f a from me and my family. Your a nut case and need to spend some time in a nut house. UK wake up to this bag if washing.

Hmmmmm I smell BS.

Whatever next,tax the air we are breathing? 'From the many to the few'

Surely they would already be subject ,in most cases,to capital gains tax if they gifted property to their children?

He must be running out of ideas, on ‘other people’s’ money ... isn’t that what socialists do !

He’s doing his best not to get elected. Go for it JC

We the public and our other politicians need to call him out on this sort of thing. Get these things out in the open. We wouldn’t want to “write a blank cheque” at the next GE.

I've paid tax on my earnings all my life and if want to help my kids out with my money it shouldn't have anything further to do with tax man! Especially a Marxist one

Is this fact or just fake news?

That’s what Communists do. Anyone who thought he would only go after the money of the mega-rich are living in cloud cuckoo land.

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Jeremy Corbyn shock: Labour planning to tax parents’ gifts to children in vicious reformJEREMY CORBYN is planning a huge tax raid on children who inherit homes from their parents. Wont get him elected. Hardly a surprise tax tax and more tax to Hand money to scroungers to get votes. Same as the SNP. He really doesn't want to get elected to PM
Source: Daily Express - 🏆 26. / 68 Read more »