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United Kingdom · Question · Written question

UIN 73073

Inheritance Tax

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

13 July 2020

Last action

21 July 2020 · Answer

Status

Answered

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Discovery layer

Source updated

21 July 2020

Summary

To ask the Chancellor of the Exchequer, whether he plans to review the residence nil-rate band policy for inheritance of property.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 13 July 2020

    Written question

    To ask the Chancellor of the Exchequer, whether he plans to review the residence nil-rate band policy for inheritance of property.

    Source: Commons

  2. 21 July 2020

    Answer

    From April 2020, the nil-rate band and residence nil-rate band thresholds allow up to £1m of assets for a qualifying married couple or civil partnership to be passed on before any inheritance tax is paid. As a result, in 2020-21, 96% of all estates are fo...

    Source: Written answer

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