Resolves to YES if the UK Government announces the abolition of inheritance tax at the March 6th 2024 Spring Budget.
Resolves to NO if not. This includes if the Spring Budget announces only cuts to inheritance tax or announces plans to look at abolishing inheritance tax (e.g. announcing a review to consider the abolition of inheritance tax).
This market will not be voided if the date of the Spring Budget is moved by 28 days or less but will be voided if the date is moved by 29 days or more.
Further clarification (3/1/24) - Resolves to YES if Inheritance Tax is reduced to 0.0% for everyone for no set period of time. Resolves to NO if it is reduced to 0.0% for everyone for a set period time (e.g. if it was similar to previous Stamp Duty holidays where the UK Government made clear that it was only for a set period of time).
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@mcld Good question! Also what if this was a limited time offer? Free inheritance tax for the next decade, so to speak?
@Noit @mcld Interesting questions. I would suggest that it would resolve to YES if Inheritance Tax is reduced to 0.0% for everyone for no set period of time but would resolve to NO if it was done for a set period time (e.g. if it was similar to previous Stamp Duty holidays where the UK Government made clear that it was only for a set period of time). Does that seem like a reasonable approach?