Inheritance Tax: Valuation

(asked on 29th August 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of homeowners whose property is above the free home care threshold but below the £1 million Inheritance Tax Allowance; and whether her Department plans to take steps to change the incentive for these homeowners to leave their property empty.


Answered by
James Murray Portrait
James Murray
Chief Secretary to the Treasury
This question was answered on 8th September 2025

Adult social care is a devolved policy area. In England, whether a person qualifies for any financial support towards their care costs depends on the results of a financial assessment. Where an individual is receiving care in a setting that is not a care home, such as where they receive care at home, the value of their main or only home must be disregarded during this financial assessment.

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