@AnnTurner7 @paddyakker @johnredwood It's not about what you paid to buy it. It's the increase in value from when your grandpa bought it for £2,000 and when your parents sell it for 1.5 million when he dies. Inheritance tax taxes that untaxed capital gain.

🐦🔗: https://n.respublicae.eu/catherinerowett/status/1639537986629955590