United Kingdom · Question · Written question
UIN 14344
Inheritance Tax
Original
Introduced
16 February 2024
Last action
23 February 2024 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
23 February 2024
Summary
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of incorporating the residence nil rate band into inheritance tax.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
16 February 2024
Written question
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of incorporating the residence nil rate band into inheritance tax.
Source: Commons
23 February 2024
Answer
The estates of all individuals benefit from a £325,000 nil-rate band for inheritance tax. The targeted residence nil-rate band is a further £175,000 and is available to those passing on a qualifying residence on death to their direct descendants, such as ...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2024-02-16/14344
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1689445
- uk · wq-1689445 · source updated 23 February 2024