Inheritance tax is a bad tax. It is morally wrong and a form of double taxation to take assets that people have purchased with income. And then force them to pay even more to the state. Leaving less for their loved ones.
The really wealthy have always set up trusts, or taken other steps to shelter assets from Inheritance Tax.
It's time to make a change. That's why we will abolish Inheritance Tax on family homes. And couples can save up to £1,000,000 Inheritance tax free.
The Conservatives want to protect families who work hard and save, and want to make sure that the next generation benefit from their efforts. This is a contrast with Labour, who are widening the IHT net including by sucking in family farms, pensions and family businesses.
Explosive house price growth over the past thirty years has turned Inheritance Tax into a postcode lottery. Perfectly normal houses that were purchased decades ago will now be worth enough to drag families into the IHT net.
Do you support our plan to scrap Inheritance Tax on family homes? let us know below:
