Property News · March 17, 2015

Tories’ £1m inheritance tax break aimed at wealthier households


Sensitive papers reveal plans that would allow parents to pass a main property worth up to £1m to their children without paying any inheritance taxGeorge Osborne has drawn up plans that would allow parents to pass a main property worth up to £1m to their children without paying any inheritance tax, according to Treasury papers leaked ahead of Wednesday’s budget. The proposed measure would also reduce the inheritance tax bill on properties worth up to £2m by £140,000 and the Treasury analysis concludes that the scheme would “most likely benefit high income and wealthier households”. Continue reading…

Source : theguardian.com
Read more…Tories’ £1m inheritance tax break aimed at wealthier households

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