Written Question·Treasury·UIN 39280
Inheritance Tax: Tax Thresholds
Tabled: 18 March 2025
Answered: 25 March 2025
Question
Susan Murray
Liberal Democrat — Mid Dunbartonshire
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of threshold for the payment of Inheritance Tax on families with assets worth over £1 million.
Answer
James MurrayInheritance tax is a wealth transfer tax charged on the estate (the property, money, and possessions) of someone who has died. In the latest available tax year (2021-22), 4.39% of all UK deaths were liable to inheritance tax. The tax liability is on the e...
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