Article 6RTFP Loophole exempts 355 landowners in England from inheritance tax, data shows

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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