Monday 6 March 2017

Is a ‘death tax’ for social care about to be announced?

Is a ‘death tax’ for social care about to be announced? In 1972, Richard Nixon visited the People’s Republic of China, reversing years of US policy. His anti-communist credentials enabled him to do something other politicians shied away from for fear of being labelled soft on communism. Are we about to see a ‘Nixon goes to China’ moment for social care? One that will see David Cameron, George Osborne and Andrew Lansley forced to eat a red rose?

Well, just possibly. Reports suggest that Theresa May and Philip Hammond are looking at funding at least some social care costs by making a claim on people’s estates once they have died – a form of inheritance tax, or, as the Conservatives usually dub it, a ‘death tax’. The King's Fund

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