No, I will not give way at this stage. Let us be clear: only 4% of estates in this country pay inheritance tax. As we have repeatedly heard, these changes will mean that a couple will be able to leave £3 million-worth of estate to their children without paying a penny in inheritance tax. To put that in context, if a couple owned a £3 million mansion, they would be paying £940,000 in inheritance tax.
Farming and Inheritance Tax
Proceeding contribution from
Jon Pearce
(Labour)
in the House of Commons on Wednesday, 4 December 2024.
It occurred during Opposition day on Farming and Inheritance Tax.
Type
Proceeding contribution
Reference
758 c408
Session
2024-25
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2024-12-05 16:06:07 +0000
URI
http://hansard.intranet.data.parliament.uk/Commons/2024-12-04/24120433000060
In Indexing
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In Solr
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