Written Question·Treasury·UIN 3095
Inheritance Tax
Tabled: 30 August 2024
Answered: 9 September 2024
Question
Mary Kelly Foy
Labour — City of Durham
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential implications for her policies of differences in inheritance tax thresholds for people (a) with and (b) without children; and if she will make an assessment of
Answer
James MurrayThe estates of all individuals benefit from a £325,000 nil-rate band for inheritance tax. The residence nil-rate band is a further £175,000 for those passing on a qualifying residence on death to their direct descendants, such as children or grandchildren...
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