Inheritance Tax: Tax Allowances

Summary

To ask the Chancellor of the Exchequer, whether her Department has undertaken modelling on the potential impact of a lifetime cap on gifts for inheritance tax on (a) businesses and (b) individuals.

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Timeline

1. 10 October 2025

   Written question

   To ask the Chancellor of the Exchequer, whether her Department has undertaken modelling on the potential impact of a lifetime cap on gifts for inheritance tax on (a) businesses and (b) individuals.

   Source: Commons

2. 16 October 2025

   Answer

   There is no lifetime cap on gifts for inheritance tax purposes. Information on the rules is available at www.gov.uk/inheritance-tax/gifts. The Chancellor of the Exchequer makes tax policy decisions at fiscal events and the Government does not comment on s...

   Source: Written answer

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• · Treasury · Answering body

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