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1725743

	registered interest
	date	30/08/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential implications for her policies of differences in inheritance tax thresholds for people (a) with and (b) without children; and if she will make an assessment of the potential impact of such thresholds on saving for adult care costs.
	tabling member constituency	City of Durham
	tabling member printed	Mary Kelly Foy
	uin	3095
	answer	answer is ministerial correction date of answer 09/09/2024 answer text <p>The estates of all individuals benefit from a £325,000 nil-rate band for inheritance tax. The residence nil-rate band is a further £175,000 for those passing on a qualifying residence on death to their direct descendants, such as children or grandchildren. Other countries recognise the relationships between parents and children with different thresholds in equivalent systems.</p><p> </p><p>The Government keeps all taxes under review as part of the policy making process.</p> answering member constituency Ealing North answering member printed James Murray question first answered 09/09/2024 10:18:14 answering member 4797 label Biography information for James Murray
	tabling member	4753 label Biography information for Mary Kelly Foy

1726193

	registered interest
	date	30/08/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if her Department will make an (a) estimate of the potential costs and (b) assessment of the potential merits of extending inheritance tax relief to long-term cohabiting and co-dependent siblings.
	tabling member constituency	Dunstable and Leighton Buzzard
	tabling member printed	Alex Mayer
	uin	3433
	answer	answer is ministerial correction date of answer 09/09/2024 answer text <p>There is a longstanding inheritance tax exemption for transfers between spouses and civil partners to reflect the formal legal obligations that marriage and civil partnerships involve. As with all taxes, reforms to inheritance tax, such as the potential extension of this exemption to transfers between cohabiting siblings, will be kept under review as part of the normal policy making process and the Chancellor will announce any changes to the tax system at fiscal events in the normal way.</p> answering member constituency Ealing North answering member printed James Murray question first answered 09/09/2024 10:21:47 answering member 4797 label Biography information for James Murray
	tabling member	5141

1719102

	registered interest
	date	17/05/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 16 May 2024 to Question 25195 on Inheritance Tax, for what reason he has not provided the requested data for the number of people waiting for (a) one to two, (b) two to three, (c) three to four, (d) four to five, (e) five to six and (e) more than six months since submitting their IHT400 form to receive the unique code from HMRC as of 8 May 2024.
	tabling member constituency	Islington South and Finsbury
	tabling member printed	Emily Thornberry
	uin	26862
	answer	answer is ministerial correction date of answer 22/05/2024 answer text <p>HMRC's service level agreement is to process 80% of Inheritance Tax forms within 15 working days. From January to April 2024, their data shows they met or exceeded this target, with most people receiving their codes within the 15-day timeframe. However, HMRC does not provide specifics on longer wait times beyond 15 working days, such as how many people waited 1-2 months or more after submitting forms. While most individuals received codes on time during this period, the exact breakdown for longer waits is not publicly available.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 22/05/2024 13:51:10 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	1536 label Biography information for Emily Thornberry

1716418

	registered interest
	date	08/05/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the average waiting time was for individuals submitting an IHT400 form to HMRC between 1 January to 30 April 2024 to receive a unique code to enable them to apply for probate; and how many individuals have waited for (a) one to two, (b) two to three, (c) three to four, (d) four to five, (e) five to six and (e) more than six months since submitting their IHT400 form to receive the unique code from HMRC as of 8 May 2024.
	tabling member constituency	Islington South and Finsbury
	tabling member printed	Emily Thornberry
	uin	25195
	answer	answer is ministerial correction date of answer 16/05/2024 answer text <p>HMRC prioritises requests for IHT reference numbers and the follow up IHT400 forms submitted to set up an IHT account. Between 1 January and 30 April 2024 HMRC have exceeded its service standard for issuing unique codes for Probate cases where the correct tax amount has been accounted for. The service standard is to process 80% of these requests within 15 working days.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 16/05/2024 12:43:18 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	1536 label Biography information for Emily Thornberry

1689444

	registered interest
	date	16/02/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of increasing the inheritance tax threshold to £1 million.
	tabling member constituency	Rother Valley
	tabling member printed	Alexander Stafford
	uin	14343
	answer	answer is ministerial correction date of answer 23/02/2024 answer text <p>The estates of all individuals benefit from a £325,000 nil-rate band for inheritance tax. The targeted residence nil-rate band is a further £175,000 and is available to those passing on a qualifying residence on death to their direct descendants, such as children or grandchildren. This means qualifying estates, including those belonging to individuals who were divorced, can pass on up to £500,000 because of the combined nil-rate band and residence nil-rate band.</p><p> </p><p>The qualifying estate of a surviving spouse or civil partner can pass on up to £1 million without an inheritance tax liability because any unused nil-rate band or residence nil-rate band is transferable between spouses and civil partners. Any unused nil-rate band or residence nil-rate band is not transferable between other individuals. However, the rules for all individuals mean that two divorced individuals can still pass on up to £500,000 each, and so up to a £1 million in total, without an inheritance tax liability because of the nil-rate band and residence nil-rate band.</p><p> </p><p>The Government keeps all taxes under review, including inheritance tax.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 14344 14345 14346 question first answered 23/02/2024 09:00:28 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	4866 label Biography information for Alexander Stafford

1689445

	registered interest
	date	16/02/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of incorporating the residence nil rate band into inheritance tax.
	tabling member constituency	Rother Valley
	tabling member printed	Alexander Stafford
	uin	14344
	answer	answer is ministerial correction date of answer 23/02/2024 answer text <p>The estates of all individuals benefit from a £325,000 nil-rate band for inheritance tax. The targeted residence nil-rate band is a further £175,000 and is available to those passing on a qualifying residence on death to their direct descendants, such as children or grandchildren. This means qualifying estates, including those belonging to individuals who were divorced, can pass on up to £500,000 because of the combined nil-rate band and residence nil-rate band.</p><p> </p><p>The qualifying estate of a surviving spouse or civil partner can pass on up to £1 million without an inheritance tax liability because any unused nil-rate band or residence nil-rate band is transferable between spouses and civil partners. Any unused nil-rate band or residence nil-rate band is not transferable between other individuals. However, the rules for all individuals mean that two divorced individuals can still pass on up to £500,000 each, and so up to a £1 million in total, without an inheritance tax liability because of the nil-rate band and residence nil-rate band.</p><p> </p><p>The Government keeps all taxes under review, including inheritance tax.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 14343 14345 14346 question first answered 23/02/2024 09:00:28 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	4866 label Biography information for Alexander Stafford

1689446

	registered interest
	date	16/02/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make it his policy to incorporate the residence nil rate band into inheritance tax.
	tabling member constituency	Rother Valley
	tabling member printed	Alexander Stafford
	uin	14345
	answer	answer is ministerial correction date of answer 23/02/2024 answer text <p>The estates of all individuals benefit from a £325,000 nil-rate band for inheritance tax. The targeted residence nil-rate band is a further £175,000 and is available to those passing on a qualifying residence on death to their direct descendants, such as children or grandchildren. This means qualifying estates, including those belonging to individuals who were divorced, can pass on up to £500,000 because of the combined nil-rate band and residence nil-rate band.</p><p> </p><p>The qualifying estate of a surviving spouse or civil partner can pass on up to £1 million without an inheritance tax liability because any unused nil-rate band or residence nil-rate band is transferable between spouses and civil partners. Any unused nil-rate band or residence nil-rate band is not transferable between other individuals. However, the rules for all individuals mean that two divorced individuals can still pass on up to £500,000 each, and so up to a £1 million in total, without an inheritance tax liability because of the nil-rate band and residence nil-rate band.</p><p> </p><p>The Government keeps all taxes under review, including inheritance tax.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 14343 14344 14346 question first answered 23/02/2024 09:00:28 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	4866 label Biography information for Alexander Stafford

1672304

	registered interest
	date	22/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of abolishing inheritance tax.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	3155
	answer	answer is ministerial correction date of answer 27/11/2023 answer text <p>The Autumn Statement 2023 focused on cutting National Insurance to ensure people keep more of what they earn, but the Government keeps all taxes under review.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 27/11/2023 16:15:04 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	1447 label Biography information for Andrew Rosindell

1656907

	registered interest
	date	01/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 11 July 2023 to Question 192344 on Inheritance Tax, what steps his Department is taking to ensure inheritance tax applications are processed within the 15 working day turnaround target.
	tabling member constituency	East Renfrewshire
	tabling member printed	Kirsten Oswald
	uin	196575
	answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>HMRC recognises the impact on customers of not processing these applications within 15 working days and they will continue to prioritise them.</p><p> </p><p>As indicated in the response to Question 192344, the performance target for clearing these forms is 15 working days and during 2022/23 this performance standard was reached consistently, with the exception of one month.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 11/09/2023 13:26:06 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4413 label Biography information for Kirsten Oswald

1653936

	registered interest
	date	18/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to alter his policies on inheritance tax; and if he will make a statement.
	tabling member constituency	Warrington North
	tabling member printed	Charlotte Nichols
	uin	194901
	answer	answer is ministerial correction date of answer 25/07/2023 answer text <p>The Government keeps all taxes under review.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 25/07/2023 14:50:08 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4799 label Biography information for Charlotte Nichols