Inheritance tax

Inheritance tax is a real concern for millions of people in Britain, who work hard and save all their lives to try to hand something on to their children and grandchildren.

Currently more than two million homes are worth more than £325,000 and are at risk from Inheritance Tax. The Conservative Party believes that only millionaires should pay inheritance tax. That is why we propose raising the threshold upon which the tax should be paid to £1 million. Gordon Brown and Alistair Darling are constantly telling the country that cuts in Inheritance Tax are not a priority. What they need to explain is why they have cut it last year, and this year, and why they still propose to do it next year. Is this yet more hypocrisy from Labour and Gordon Brown?