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100% inheritance tax slammed as it would cause ‘misery’ while rich would dodge levy | Personal Finance | Finance
Introducing an 100 percent inheritance tax may seem at face value a radical way to redistribute wealth ensuring rich families have to share their assets with others.
But experts have told Express.co.uk such a policy would be grossly unfair and difficult to administer.
Fiona Dodd, private client partner at Mayo Wynne Baxter, said: “The risks of introducing 100 per cent inheritance tax include spawning even more of a tax avoidance industry than already exists in the UK.
“Those wealthy enough to take advice would probably be able to get around it, so it will simply and sadly hit those who can’t afford to pay for advice.
“It will be counterproductive if there are no exemptions, for example if it breaks up businesses and other wealth generating ventures to pay the tax.”
She also warned such a policy would discourage investment and would cause huge heartache for Britons.
Ms Dodd said: “It would result in incredibly cruel emotional trauma for anyone who needed to get rid of family possessions to pay the tax, while encouraging people to hide their wealth.
“Another risk is families would pass on their money too early, which could then be lost in divorce.
“Additionally, it would make vulnerable people more likely to suffer financial abuse, which would be disguised as tax planning.
“The only benefits are that it could be viewed as egalitarian and it might invigorate the property market as people may have to sell to pay the tax.”
She also said an 100 percent levy could encourage economic activity as people will spend more and pass on money to their relatives, but as no one knows when they will die, it would be hard to get the timing right.
The expert also warned there would need to be some form of provision to pay for a person’s care in case they gave everything away to avoid the tax.
She said the policy would in fact be more likely to discourage economic activity as people would not be incentivised to accrue wealth to pass on to their family.
She warned such a change could cause a glut of assets for sales leading to a depression in prices and a further hit to the economy.
Ms Dodd said: “It’s important to note that 100 percent inheritance tax would also prevent the poor from holding onto their wealth and passing it on to their family to help them.
“Yes there would be equality but only in terms of the misery it generates. However, the rich would be likely to find a way around it, thus rendering any system even more unequal.
“Forcing each generation to start again does not promote long-term thinking in terms of caring for land or businesses.
“Instead, it incentivises get rich quick, short term riskier strategies as there is no incentive to leave your children any kind of legacy.”
Elisabeth Squires, wills and probate solicitor at Britton & Time, spoke about the potential benefits of the policy.
She said: “A common argument when the subject is mentioned, is that it will encourage people to work harder as they cannot depend on their inheritance to provide for them.
“Knowing that the only way to increase one’s wealth is to earn it by working would increase productivity in the workplace as people compete more with one another to receive a substantial payout.
“With this rule in motion, it is highly likely that our class system would then begin to dissipate and equalise as the rich and the upper class would then have to earn their share instead of inheriting it from their families or other close companions.”
She said the tax revenue boost would also provide more funds for infrastructure such as schools, hospitals and leisure facilities.
But she warned those who depend on their inheritance could be plunged into poverty if the taxman took all a person’s estate upon death.
Ms Squires added: “Moreover, the risk of poverty among the elderly may also increase as people potentially “miscalculate” their spending within their lifetime.
“With a chance that economic activity may increase, people are less likely to save their earnings, spending their income without having to worry about the younger generations or those who would have inherited.
“When the time comes to retire, there may be a chance that elderly people realise that they have not prepared for their retirement and do not have enough funds to live on.”
For the latest personal finance news, follow us on Twitter at @ExpressMoney_.
Trent Ltd. is set to announce results for the fourth quarter of FY26 this week. It is part of the Tata Group and a leading retail company specialising in fashion and lifestyle products. Important brands under Trent include Zudio, Westside and Utsa. Here’s everything you need to know about Trent’s Q4FY26 results schedule.
Trent Q4 Results: Date, Dividend, Bonus Issue
In an exchange filing dated April 17, Trent said that a meeting of its Board of Directors is scheduled on April 22 to consider and approve the audited standalone and consolidated financial results for the financial year ended March 31.
The Board of Directors will consider the recommendation of dividend, if any, on the equity shares of the company for the year ended March 31, subject to approval of the shareholders of the company.
It will also consider the issuance of bonus shares, subject to the approval of the shareholders of the company.
Trent Q4 Results: Trading Window Closure
The trading window of the company has been closed from March 25 to April 24 in compliance with SEBI rules to prevent insider trading.
Trent Q4 Results: Earnings Call
The company is yet to announce a schedule for an earnings call with investors and analysts.
Trent Q3 Results
Trent reported a 13.88% year-on-year (YoY) rise in consolidated total income to Rs 5,363.85 crore in Q3FY26 from Rs 4,710.20 crore in Q3FY25. Net profit grew 2.7% YoY to Rs 510.11 crore in Q3FY26 from Rs 496.54 crore in Q3FY25.
Trent Share Price History
Shares of Trent have risen 8.52% in the past five trading sessions on the NSE. In the past month, it has increased 27.52%, and in the past six months, it has declined 10.66%. On a year-to-date basis, Trent share price has fallen 0.40%. Over the past year, it has dropped by over 20%.
The stock hit a 52-week high of Rs 6,261 apiece on the NSE on June 30, 2025, and a 52-week low of Rs 3,275.5 apiece on March 30. Trent shares were trading 0.89% up at Rs 4,280.40 apiece on the NSE as of 10 a.m. on Tuesday. This compares to a 0.57% rise in the benchmark NIfty 50.
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Tilak Varma smashed a brilliant maiden IPL century to power the Mumbai Indians to a commanding 99-run victory over the Gujarat Titans on Monday, ending their four-match losing streak.
Varma remained unbeaten on 101 off just 45 deliveries, bringing up his hundred with a boundary off the final ball of the innings as MI posted 199 for five despite a shaky start.
Chasing the target, Gujarat Titans collapsed to 100 all out in 15.5 overs, with left-arm pacer Ashwani Kumar leading the charge with an impressive spell of 4 for 24. None of the GT batters managed to make a meaningful impact. GT’s downfall started right on the first delivery of their innings as Jasprit Bumrah got opener Sai Sudharsan caught by debutant Krish Bhagat. It was Bumrah’s first wicket of the season, the pace ace thus ended his five-match long wicket drought.
Earlier, MI found themselves under pressure in the powerplay after Kagiso Rabada struck with three wickets, finishing with figures of 3/33. Naman Dhir chipped in with a steady 45 off 32 balls, but it was Varma who anchored the innings with authority, smashing seven sixes and eight fours to end his lean run in style.
It is the first time that MI have managed to beat GT at the Narendra Modi Stadium. The win helped MI climb to the seventh place on the IPL points table while GT remain at sixth spot.
Brief scores:
Mumbai Indians: 199/5 in 20 overs (Tilak Varma 101*; Naman Dhir 45; Kagiso Rabada 3/33, Mohammed Siraj 1/25);
Gujarat Titans: 100 all out in 15.5 overs (Washington Sundar 26; Ashwani Kumar 4/24, Mitchell Santner 2/16)
IPL 2026 Table:
| Teams | Matches | Wins | Losses | No Result | Points | Net Run Rate |
| Punjab Kings (PBKS) | 6 | 5 | 0 | 1 | 11 | 1.420 |
| Royal Challengers Bengaluru (RCB) | 5 | 4 | 2 | 0 | 8 | 1.171 |
| Rajasthan Royals (RR) | 6 | 4 | 2 | 0 | 8 | 0.599 |
| Sunrisers Hyderabad (SRH) | 6 | 3 | 3 | 0 | 6 | 0.566 |
| Delhi Capitals (DC) | 5 | 3 | 2 | 0 | 6 | 0.310 |
| Gujarat Titans (GT) | 6 | 3 | 3 | 0 | 6 | -0.821 |
| Mumbai Indians (MI) | 6 | 2 | 4 | 0 | 4 | 0.067 |
| Chennai Super Kings (CSK) | 6 | 2 | 4 | 0 | 4 | -0.780 |
| Lucknow Super Giants (LSG) | 6 | 2 | 4 | 0 | 4 | -1.173 |
| Kolkata Knight Riders (KKR) | 7 | 1 | 5 | 1 | 3 | -0.879 |
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Dasun Shanaka has been handed a one-year ban from the Pakistan Super League (PSL) after a review found him guilty of breaching his contract with both the league and Lahore Qalandars. The Sri Lankan all-rounder had been signed for PKR 75 lakh for the ongoing PSL 2026 season.
The breach of contract happened when Shanaka withdrew from PSL and signed up with Indian Premier League (IPL) franchise Rajasthan Royals. RR signed the Sri Lankan all-rounder as the replacement of Sam Curran, who was forced to withdraw from the league due to an injury.
According to media release issued by the Pakistan Cricket Board (PCB), Shanaka’s withdrawal from the PSL constituted a clear breach of both the Player Registration terms and the Tripartite Agreement. The board stated that his reasons for leaving were not recognized under the contractual framework.
Also Read | MS Dhoni’s IPL Return: CSK Batting Coach Michael Hussey Shares Update On Recovery
Shanaka has expressed his regret for the breach of contract.
“I deeply regret my decision to withdraw from the HBL PSL and offer my sincere apologies to the people of Pakistan, the fans of HBL PSL, and the wider cricket community,” said the release quoting Shanaka.
“The HBL PSL is a prestigious tournament, and I fully understand the disappointment caused by my actions. To the loyal fans of Lahore Qalandars, I am truly sorry for letting you down. I must clarify that at the time I withdrew from the HBL PSL I had no intention of joining any other tournament,” Shanaka added.
“I have the greatest respect for Pakistani Fans and have always enjoyed my time in Pakistan. I hope to return to the HBL PSL in the future with renewed dedication and the trust of the fans.”
The PCB has said it has noted the player’s expression of regret and his stated passion for playing in Pakistan, however, the board emphasised that the seriousness of the violation required disciplinary action to protect the league’s integrity and exclusivity.
Shanaka is the third player this year who withdrew from the PSL and joined IPL. Before him, Zimbabwe’s Blessing Muzarabani and Australia’s Spencer Johnson also left PSL commitments for IPL deals.
Muzarabani had signed up with PSL side Islamabad United but when Kolkata Knight Riders offered him a deal, the pacer withdrew from the PSL and joined the three-time winners of the IPL. The 29-year-old has been slapped with a two-year ban from the PSL.
But Muzarabani hit back on his ban via a strongly-worded statement released by his agency on April 19. He said, “You simply cannot breach a contract you have never received.”
Similarly Johnson was expected to represent Quetta Gladiators in the PSL however the left-arm pacer joined five-time IPL winners Chennai Super Kings as the replacement for injured Nathan Ellis.
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