Oral question asked in the House of Lords, by Lord Campbell-Savours (Labour). It was answered on Monday, 10 July 2006.
Taxation: Inheritance Tax
- Question
- My Lords, does not the very existence of inherited wealth grossly distort the property market by artificially inflating prices and denying those who do not receive inherited money equal access to the property market with those who do? I say that as someone who, on principle, rejects and refuses to receive any inherited wealth whatever.
- Answer
-
My Lords, it is right that there should be arrangements to bring inherited wealth within the tax net. That seems to be entirely appropriate, and it is what inheritance tax does. Of course, irrespective of the inheritance tax system, household wealth has increased under this Government by something like 60 per cent in real terms since 1997.
Secondary information
- Type
- Oral question
- Reference
- 684 c471
- Session
- 2005-06
- Oral question type
- Supplementary
- Chamber / Committee
- House of Lords chamber
- Subjects
- Housing Greater London Inheritance tax Prices Tax thresholds
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2014-09-01 22:47:10 +0100
- URI
- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1160819/-question
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1160819/-question
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1160819/-question