No 25% Inheritance Tax – Imbert

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By Prior Beharry

FINANCE Minister Colm Imbert has described as ludicrous a claim made by Opposition Leader Kamla Persad-Bissessar that the government intents to implement a 25% inheritance tax.

Persad-Bissessar made the statement during the United National Congress (UNC) Monday Night Forum.

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But in a release on Wednesday, Imbert said the statement was made without a shred of evidence or basis, that the Government plans to impose a 25% inheritance tax on citizens on money or property
received from the estate of a deceased person.

He said, “This malicious allegation is totally untrue and is a figment of the imagination of the Leader of the Opposition.

“No such inheritance tax in any amount whatsoever or any other similar new tax in any form or
fashion is being contemplated by the Government.”

Imbert said, “There are no such plans to impose such a tax, no proposals and no discussion taking place on this. No planning whatsoever is taking place at the Ministry of Finance on even the idea of such
a tax.

“It is truly disappointing that in a desperate attempt to confuse and panic the population in the
upcoming Local Government Election, the Opposition would sink to such depths to make up such
a ridiculous story.”


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