Oral question asked in the House of Commons, by Martin Linton (Labour). It was answered by Stephen Timms (Labour) on Thursday, 13 July 2006 on behalf of the Treasury.
Inheritance Tax
- Question
- If he will assess the merits of linking inheritance tax thresholds to median house prices in each council area.
- Answer
-
This year’s Budget announced above-inflation increases in the inheritance tax threshold, with the threshold rising to £325,000 by the end of the current Parliament. Even given rising house prices, most homes are below the threshold. A link to house prices in each area would be very difficult and complex to administer, and I think that it would also be unfair.
Secondary information
- Type
- Oral question
- Reference
- 448 c1464
- 84769
- Session
- 2005-06
- Oral question type
- Lead
- Chamber / Committee
- House of Commons chamber
- Subjects
- Housing Inheritance tax Prices Tax thresholds
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-04-12 05:30:45 +0100
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1159732
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