Lord Tebbit
Main Page: Lord Tebbit (Conservative - Life peer)(8 years, 8 months ago)
Lords ChamberRead Full debate Read Hansard Text
Baroness Williams of Trafford
My Lords, perhaps I did not explain it properly, but there is an exemption of £325,000, which a spouse may pass on to their surviving partner when they die. That can then be passed down to their children or grandchildren, and there is an additional tax-free exemption of £175,000 on the main property, which can also be passed over in the same way.
Lord Tebbit (Con)
My Lords, do the words “slippery slope” come into my noble friend’s mind as she answers these questions?
Baroness Williams of Trafford
My Lords, the words “society has changed” comes into my mind as we debate this. I have had many discussions with my children on it, and I reminded them that 200 years ago slavery was alive and well and living in this country, and 40 years ago, when I was a child, there were bed and breakfasts that said “No Irish, No Blacks, No Dogs”. We are now in the 21st century, society has moved on, and as an Irishwoman, I can tell noble Lords that no one was happier than me that Ireland had moved on.