why should we care about inheritance taxe the past year has been lethal in more ways than one and then theree s the taxe rebecca goodman -- but as rumours circulate over an inheritance taxe raid and warnings grow more of us need to start taking this eyewatering per cent taxe seriously -- year before because of the introduction of the residence nil rate band in which increased the limit at which the taxe is due for some estates -- so why is there such an outburst each time theree s talk of inheritance taxe being changed or increased ite s to do with how much is charged -- the annual cap we are all allowed to bequeath without inheritance taxe being due is currently £ theree s also the residence nil rate -- there are strong arguments for and against the taxe if youe ve spent your life building up your wealth to hand down to your family and youe ve already paid taxe on it once youe re not going to happy if another per cent of it goes to the treasury -- sarah coles spokesperson for hargreaves lansdown says “there are a few reasons why people resent paying inheritance taxe it can feel that these are things you have paid taxe on when you earned the money and again when it grew so this is yet another level of taxeation on the -- in it and not paying market rent to your children ite s still included in your estate for inheritance taxe purposes” -- estate goes and if you are married couple or part of a civil partnership you are able to pass your inheritance taxe allowance to your partner on the first death -- leaving the money to a charity or a community sports club also means there is no taxe due -- ite s also important not to forget pensions as pension balances are free from the taxe steve webb partner at consultants lcp said “although fewer than one in estates face an iht bill the taxe still generates valuable revenue for the treasury “it is a complex taxe which means that some people choose to organise their affairs to avoid leaving their heirs with an iht bill when they -- why should we care about inheritance taxe why should we care about inheritance taxe