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I have a government fact sheet dated 2013 that states the implementation was always going to be April 2016.I think I'm right in saying that prior to the election the start date was 'brought forward' from 2017 to 2016. So this is even worse and cynical than it appears - a true double-cross. No-one will now believe that it will happen at all - whoever is in power in 2020.
I take it you've made some irreversible financial decision (although I can't think what it may be, I'm a bit slow on financial matters). Isn't it worth starting a petition on the government website, if you get 10k signatures they have to bring it up in parliament.I made big financial decisions on the basis of the commitment to pay for care over the cap from 2016. Where do I stand.
Some of those financial decisions people made are akin to decisions about pensions.
Only about 4% of all estates paid any inheritance tax even before the changes. I never understand why it is such a big deal when it affects so few people in practice.The inheritance tax changes don't come until next year and are stepped (don't remember the exact details) but will apply if a home was sold after 8 July 2015 - so any sales from budget day onwards can take advantage of the change is my understanding even if property note actually owned at date of death but estate is increased by it.
Estates that IHT applies to will of course be reduced by the care cap being 'delayed' for 5 years.
I understand some of the issue is the significant amount of admin, as most self funders do not currently have a SS assessment.