When a family member dies it is always a difficult time for the rest of the family. It is very common for parents to want to leave their money and possessions to their children or other relatives, which is called inheritance. In many countries this inheritance is subject to tax where the government claim a percentage of the value of any possessions that are inherited. It is often debated whether there should even be an inheritance tax, with some people suggesting that the person who died had already paid tax on the money or possessions that are inherited.
- Do you know if people have to pay inheritance tax in your country?
- Do you think it is fair that people should be made to pay this tax?
- If people have to pay an inheritance tax, what do you think is a fair value? Should there be a tax-free allowance?