Could the Inheritance Tax threshold be raised to £1million?

inheritance-tax

Inheritance Tax (IHT), the tax resented by so many, could soon be overhauled by the Conservatives – ostensibly to give a fairer outcome for southern homeowners.

David Cameron has talked of pushing up the tax-free threshold from where it currently stands – £650,000 for a married couple – to £1 million. There have even been suggestions that the tax might be scrapped altogether.

But on the cusp of the run-up to the election, would a threshold increase be a wise move for the party that wants to widen its appeal to as many voters as possible, and shrug off the criticisms that they only look out for the rich?

 

 

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