George Osborne – 1st October 2007

INHERITANCE TAX

“The next Conservative Government will raise the Inheritance Tax threshold to £1 million.

That means we will take the family home out of inheritance tax. In a Conservative Britain, nine million families will benefit. In a Conservative Britain, only millionaires will pay death duties. In a Conservative Britain, you will not be punished for working hard and saving hard. You will not be penalised for wanting a better life for your children. Taken together our measures on stamp duty and inheritance tax represent the most important reform of capital taxes for a generation.”

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