The UK’s inheritance tax system is relatively high compared to other countries. According to a report by the OECD, wealth inequality in the UK is significant, with the top 20% of households holding 57% of the country’s wealth. This disparity has led to calls for more progressive tax policies, including potential changes to inheritance tax.

In some countries, inheritance tax rates are lower, and there are different approaches to taxing wealth. For example, the USA has a higher threshold for federal estate tax, and many European countries have various exemptions and lower rates. The UK’s system is under scrutiny to determine if it provides value for money and fairness in taxing inherited wealth.

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