Loophole exempts 355 landowners in England from inheritance tax, data shows
by Helena Horton Environment reporter from World news | The Guardian on (#6RTFP)
Chancellor urged to cancel tax break that uses scheme to register land as heritage asset and worth at least 68m
Three hundred and fifty-five wealthy landowners in England including aristocrats are benefiting from an obscure tax break worth at least 68m, data shows.
The landowners benefit from a loophole called the tax-exempt heritage assets scheme", under which they can register land and property as heritage assets and make them exempt from inheritance tax.
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