Dynastic Wealth and the Death Duty Fiction: How Britain's Richest Estates Pay Almost Nothing
Inheritance tax is routinely portrayed as a punishing levy on grieving families and hard-working farmers. The reality, buried in HMRC data, is rather different: the wealthiest estates in Britain exploit a labyrinth of exemptions that renders the tax largely voluntary for those with the means to navigate it. The burden falls not on dynastic fortunes but on the moderately comfortable — and that is precisely by design.