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Written question asked by Lord Monson (Crossbench), in the House of Lords. It was answered by Lord McKenzie of Luton (Labour) on Tuesday, 7 November 2006.


Taxation: Inheritance Tax

Question
Whether they intend to restore the real value of the exemption from inheritance tax (originally capital transfer tax) for transfers to non-domiciled spouses introduced in the Finance Act 1975, bearing in mind that it has not been raised in line with inflation since 1982.
Answer

Changes to tax policy are a matter for the Chancellor in the Budget.


Secondary information

Type
Written question
Reference
8094; 686 c150WA
Session
2005-06
Subjects
Exemptions Inheritance tax
Link
View this Written question on www.publications.parliament.uk