A very large chunk of inheritance tax is paid out of house values. These are concentrated in SE England. Therefore inheritance tax is a tax on SE England.
Grieving families in Surrey pay more inheritance tax than Wales and Northern Ireland combined, analysis has revealed.
Residents of the home county paid £251m in inheritance tax in the 2019/20 tax year, compared with just £97m levied on inhabitants of Wales and £42m paid by people living in Northern Ireland.
So, let’s abolish it then, eh?