The government is not considering imposing a 25 percent inheritance tax on citizens on money or property received from the estate of a deceased person.
This is revealed by Minister of Finance, Colm Imbert, in his response to a claim on the matter made by the Leader of the Opposition during the UNC’s Monday Night Forum in Sangre-Grande.
However, Mr Imbert said 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.
The government said no planning whatsoever is taking place at the Ministry of Finance on even the idea of such a tax.