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1110683

registered interest
date	09/04/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inheritance Tax: Siblings
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Lord Bates on 9 April (HL14826), what considerations led them to set aside their proposal to establish a working party on the fiscal disadvantages experienced by sibling couples.
tabling member printed	Lord Lexden
uin	HL15147
answer	answer is ministerial correction date of answer 25/04/2019 answer text <p>The Government keeps all taxes under review. The Office of Tax Simplification are reviewing inheritance tax and will make recommendations that the Government will consider.</p><p> </p><p>The inheritance tax treatment of married couples and civil partners reflects their unique legal relationship, and extending this treatment to siblings would incur an Exchequer cost.</p> answering member printed Lord Young of Cookham question first answered 25/04/2019 10:53:04 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4202 label Biography information for Lord Lexden

1105363

registered interest
date	26/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inheritance Tax: Siblings
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the answer by Lord Bates on 21 March (HL Deb, col 1526), when the cross-departmental working party to consider the fiscal disadvantages experienced by sibling couples will be established; what will be its terms of reference; and when its report will be completed and published.
tabling member printed	Lord Lexden
uin	HL14826
answer	answer is ministerial correction date of answer 09/04/2019 answer text The Government will consider the issue of siblings and inheritance tax through the Office of Tax Simplification’s review of inheritance tax. Their report is due to be published in spring, and their recommendations will be carefully considered. answering member printed Lord Bates question first answered 09/04/2019 11:48:19 answering member 1091 label Biography information for Lord Bates
tabling member	4202 label Biography information for Lord Lexden

947065

registered interest
date	23/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inheritance Tax: Siblings
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the answer by Baroness Williams of Trafford on 20 July (HL Deb, col 1413), what estimate they have made of (1) the savings in social and other state costs of free care provided for siblings living in sibling-couple households, and (2) the annual income to HM Treasury as a result of the tax applied to siblings when one sibling-couple partner dies.
tabling member printed	Lord Alton of Liverpool
uin	HL9755
answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The government does not have an estimate of the savings in social care from free care provided by siblings living in these circumstances.</p><p>The government has not assessed the inheritance tax liabilities in these circumstances. All individuals benefit from a £325,000 tax free threshold for inheritance tax.</p> answering member printed Lord Bates question first answered 02/08/2018 12:01:08 answering member 1091 label Biography information for Lord Bates
tabling member	738 label Biography information for Lord Alton of Liverpool

418178

registered interest
date	10/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax: Siblings
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to the answer by Baroness Williams of Trafford on 9 September (HL Deb, cols 1427–9), whether they will publish full details of how the family home allowance announced in the 2015 Budget will affect siblings who have joint ownership of their home.
tabling member printed	Lord Lexden
uin	HL2149
answer	answer is ministerial correction date of answer 23/09/2015 answer text <p>All individuals have an inheritance tax threshold (or ‘nil rate band’), currently £325,000, which is the value below which an estate does not have to pay any inheritance tax. The Summer Budget 2015 announced that from April 2017, a new additional transferable residence nil-rate band of £175,000 is being phased in for individuals who leave their home on death to their children, grandchildren or other direct descendants. Together with the existing nil-rate band this means that most individuals will have an effective inheritance tax threshold of up to £500,000 each.</p><p> </p><p> </p><p> </p><p>The long standing spouse exemption means that any transfers of assets between spouses or civil partners are exempt from inheritance tax. The Government has no plans to change the inheritance tax treatment of long-term cohabiting and co-dependent siblings.</p><p> </p><p> </p><p> </p><p>Where a property is jointly owned by siblings, the individual sibling’s share of the property will be included in their estate for inheritance tax purposes. Each individual’s estate is considered separately and the position for siblings is the same as for other co-habiting individuals.</p><p> </p><p> </p><p> </p><p>Full details of the legislation relating to the new residence allowance announced in the Summer Budget 2015 can be found at clause 9 of the Summer Finance Bill. Guidance will be published nearer the time that the new allowance comes into effect.</p><p> </p><p> </p><p> </p> answering member printed Lord Bridges of Headley grouped question UIN HL2150 question first answered 23/09/2015 15:35:09 answering member 4535 label Biography information for Lord Bridges of Headley
tabling member	4202 label Biography information for Lord Lexden

418179

registered interest
date	10/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax: Siblings
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to the answer by Baroness Williams of Trafford on 9 September (HL Deb, cols 1427–9), what is the position of siblings who live together in jointly owned property under current inheritance tax laws.
tabling member printed	Lord Lexden
uin	HL2150
answer	answer is ministerial correction date of answer 23/09/2015 answer text <p>All individuals have an inheritance tax threshold (or ‘nil rate band’), currently £325,000, which is the value below which an estate does not have to pay any inheritance tax. The Summer Budget 2015 announced that from April 2017, a new additional transferable residence nil-rate band of £175,000 is being phased in for individuals who leave their home on death to their children, grandchildren or other direct descendants. Together with the existing nil-rate band this means that most individuals will have an effective inheritance tax threshold of up to £500,000 each.</p><p> </p><p> </p><p> </p><p>The long standing spouse exemption means that any transfers of assets between spouses or civil partners are exempt from inheritance tax. The Government has no plans to change the inheritance tax treatment of long-term cohabiting and co-dependent siblings.</p><p> </p><p> </p><p> </p><p>Where a property is jointly owned by siblings, the individual sibling’s share of the property will be included in their estate for inheritance tax purposes. Each individual’s estate is considered separately and the position for siblings is the same as for other co-habiting individuals.</p><p> </p><p> </p><p> </p><p>Full details of the legislation relating to the new residence allowance announced in the Summer Budget 2015 can be found at clause 9 of the Summer Finance Bill. Guidance will be published nearer the time that the new allowance comes into effect.</p><p> </p><p> </p><p> </p> answering member printed Lord Bridges of Headley grouped question UIN HL2149 question first answered 23/09/2015 15:35:08 answering member 4535 label Biography information for Lord Bridges of Headley
tabling member	4202 label Biography information for Lord Lexden

390082

registered interest
date	15/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax: Siblings
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they plan to extend inheritance tax relief to long-term cohabiting and codependent siblings.
tabling member printed	Baroness Deech
uin	HL1494
answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>The government has no plans to change the inheritance tax treatment of long-term cohabiting and co-dependent siblings.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 21/07/2015 16:28:29 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	3756 label Biography information for Baroness Deech