| Heading: |
Income Tax and Inheritance Tax |
| Question ID: |
1785338 |
| UIN: |
38752 |
| House: |
Commons |
| Date tabled: |
2025-03-17 |
| Asking Member ID: |
5157 |
| Asking Member display name: |
Susan Murray
|
| Asking Member handle: |
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| Asking Member Twitter reference: |
Susan Murray
|
| Member interest: |
false |
| Question text: |
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of planned changes to (a) income and (b) inheritance tax on people who inherit more than £1 million. |
| Is named day: |
false |
| Date of holding answer: |
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| Date answered: |
2025-03-25 |
| Date answer corrected: |
|
| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
4797 |
| Answering Member display name: |
James Murray
|
| Answering Member handle: |
jamesmurray_ldn
|
| Answering Member Twitter reference: |
@jamesmurray_ldn
|
| Correcting Member ID: |
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| Correcting Member display name: |
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| Correcting Member handle: |
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| Correcting Member Twitter reference: |
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| Answer text: |
Inheritance tax is a wealth transfer tax charged on the estate (the property, money, and possessions) of someone who has died. In the latest available tax year (2021-22), 4.39% of all UK deaths were liable to inheritance tax. The tax liability is on the e... |
| Original answer text: |
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| Comparable answer text: |
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| Answering body ID: |
14 |
| Answering body name: |
Treasury |
| Tweeted: |
true |