politics Birmingham, United Kingdom
Badenoch announces inheritance tax exemption for family homes
1MGBP
Couples would be able to leave an additional £1m tax-free to their families under the proposal.
Kemi Badenoch said the Conservatives would abolish inheritance tax on family homes if elected and allow couples to leave an additional £1m tax-free. The proposal drew criticism from Tax Justice UK and the TUC.
1 sourceThe GuardianUpdated
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Kemi Badenoch announced that the Conservative Party would abolish inheritance tax on family homes if elected.
“Kemi Badenoch has announced the Conservatives would abolish inheritance tax on family homes if elected”
- 1MGBP
Couples would be able to leave an additional £1m tax-free to their families under the proposal.
“couples would be able to leave behind an additional £1m tax-free to their families”
- 5%
People paying inheritance tax
“currently less than 5% do so”