I've read somewhere that rich people were heavily taxed during World War I and World War II. What was the inheritance tax rate like in the UK at the time?
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"I've read somewhere...". Please cite your source. This will help people trying to answer your question.– Lars BosteenCommented Dec 16, 2018 at 3:02
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I did some research on the internet, and this is what some people have been saying. I have no source in particular, which is why I would like more details about this tax.– UshiromiyaCommented Dec 16, 2018 at 11:22
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@LarsBosteen: For my generation at least, OP's presumption I believe to be a widely held belief at least in regards to WW2. I suggest we let this instance go. If it's correct we verify, and if it's incorrect we debunk.– Pieter GeerkensCommented Dec 16, 2018 at 14:45
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1 Answer
This graph illustrates the top inheritance tax rates since 1900 for four major Western governments: U.K., U.S., France, and Germany.
For the U.K. in regards the two world wars it shows the top rate changing:
in 1915 from from 15% to 20% and again in 1919 to 40%;
in 1940 from 55% to 65% and again in 1945 to 75%
answered Dec 16, 2018 at 14:54
