Tories pledge to take family homes out of inheritance tax

David Cameron outlines Conservative plan to create a new allowance effectively increasing the threshold to £1m

A Conservative government would take family homes out of inheritance tax by introducing a new allowance effectively increasing the threshold to £1m, David Cameron has announced.

Under Tory plans, parents will each be offered a new £175,000 allowance to enable them to pass property on to children tax-free after their death.

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Source Network Front | The Guardian http://ift.tt/1CHOdWX

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