Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what plans his Department has to further reduce the level of inheritance tax on homes.
At the Summer Budget 2015, the Government announced it will reduce the burden of inheritance tax for families by making it easier to pass on a home to direct descendants. Information about this measure is available at https://www.gov.uk/government/publications/inheritance-tax-main-residence-nil-rate-band-and-the-existing-nil-rate-band/inheritance-tax-main-residence-nil-rate-band-and-the-existing-nil-rate-band.
The Government keeps all taxes under review.