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850040

registered interest
date	26/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how much his Department estimates will be collected through inheritance tax in each year from 2017-18 to 2021-22.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	129608
answer	answer is ministerial correction date of answer 06/03/2018 answer text <p>The latest inheritance tax receipts forecasts for 2017/18 to 2022/23 are published in Table 4.6 of the Office for Budget Responsibility’s Economic and Fiscal Outlook publication at:</p><p><a href="http://cdn.obr.uk/Nov2017EFOwebversion-2.pdf" target="_blank">http://cdn.obr.uk/Nov2017EFOwebversion-2.pdf</a></p> answering member constituency Central Devon answering member printed Mel Stride question first answered 06/03/2018 16:15:19 answering member 3935 label Biography information for Mel Stride
tabling member	4031 label Biography information for Rachel Reeves

850041

registered interest
date	26/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent estimate he has made of the cost to the Exchequer of lost revenue resulting from changes to inheritance tax thresholds announced in Budget 2015 in the (a) 2017-18, (b) 2018-19, (c) 2019-20 and (d) 2020-21 fiscal year.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	129609
answer	answer is ministerial correction date of answer 06/03/2018 answer text <p>At Summer Budget 2015, the government announced the introduction of a ‘residence nil rate band’ for inheritance tax when a home is passed on death to a direct descendent. It will start at £100,000 in 2017-18, increasing in £25,000 increments to £175,000 in 2020-21. This, in addition to the existing nil rate band of £325,000, will increase the inheritance tax free threshold to £500,000 for many individuals, and up to £1 million for many married couples and civil partners by 2020-21.</p><p> </p><p>The latest estimates of the cost to the exchequer of introducing the residence nil rate band from 2017-18 to 2021-22 are published in Table 2.2 of the Spring Budget 2017 official publication at:</p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/597467/spring_budget_2017_web.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/597467/spring_budget_2017_web.pdf</a></p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 06/03/2018 16:11:51 answering member 3935 label Biography information for Mel Stride
tabling member	4031 label Biography information for Rachel Reeves

748056

registered interest
date	04/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to encourage more financial institutions, including those based overseas, to provide support to executors and administrators of estates, including with regard to making the deceased's liquid assets available for the payment of inheritance tax prior to the grant of probate in line with the 2016 Bereavement Principles.
tabling member constituency	Greenwich and Woolwich
tabling member printed	Matthew Pennycook
uin	2724
answer	answer is ministerial correction date of answer 12/07/2017 answer text <p>UK banks’ and building societies’ treatment of their customers is governed by the Financial Conduct Authority (FCA) in its Principles of Business. This includes a general requirement for firms to provide a prompt, efficient and fair service to all of their customers, including those who have recently suffered a bereavement.</p><p> </p><p>The Government is supportive of industry efforts to improve handling of these sensitive cases, including the implementation of the British Bankers’ Association’s Bereavement Principles. These Principles commit firms to support customers and, in particular, allow necessary payments to be made from the deceased’s accounts. Such payments include inheritance tax, which can be paid directly to HM Revenue and Customs, before probate is granted, through the Direct Payment Scheme. Where lower amounts are held, the Principles also commit firms to consider whether they can waive probate requirements and release funds more quickly.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 12/07/2017 12:39:47 answering member 3935 label Biography information for Mel Stride
tabling member	4520 label Biography information for Matthew Pennycook

694193

registered interest
date	24/02/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent estimate he has made of the cost to the Exchequer of lost revenue resulting from changes to inheritance tax thresholds announced in Budget 2015 in the (a) 2017-18, (b) 2018-19, (c) 2019-20 and (d) 2020-21 fiscal year.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	65490
answer	answer is ministerial correction date of answer 06/03/2017 answer text <p>At Summer Budget 2015, the Government announced the introduction of a new ‘residence nil rate band’ for inheritance tax when a home is passed on death to a direct descendent. It will start at £100,000 in 2017-18, increasing in £25,000 increments to £175,000 in 2020-21. This, in addition to the existing nil rate band of £325,000, will increase the inheritance tax free threshold to £500,000 for many individuals, and up to £1 million for many married couples and civil partners by 2020-21.</p><p> </p><p>The latest estimates of the cost to the Exchequer of introducing the residence nil rate band from 2017-18 to 2020-21 are published in Table 2.2 of the Budget 2016 official publication at: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508193/HMT_Budget_2016_Web_Accessible.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508193/HMT_Budget_2016_Web_Accessible.pdf</a>.</p><p> </p><p>The next update to this publication is scheduled for 8 March 2017, following the Spring Budget 2017 announcements.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 06/03/2017 15:08:27 answering member 3918 label Biography information for Jane Ellison
tabling member	4031 label Biography information for Rachel Reeves

693157

registered interest
date	22/02/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what forecast his Department has made for the total revenue to the Exchequer raised through inheritance tax in each year to 2020; and if he will make a statement.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	65133
answer	answer is ministerial correction date of answer 02/03/2017 answer text <p>The latest inheritance tax receipts forecasts for 2016/17 to 2021/22 are published in Table 4.6 of the Office for Budget Responsibility’s <em>Economic and Fiscal Outlook</em> publication at: <a href="http://cdn.budgetresponsibility.org.uk/Nov2016EFO.pdf" target="_blank">http://cdn.budgetresponsibility.org.uk/Nov2016EFO.pdf</a>.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 02/03/2017 15:05:15 answering member 3918 label Biography information for Jane Ellison
tabling member	1447 label Biography information for Andrew Rosindell

687918

registered interest
date	09/02/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people received inheritance tax relief for estates exempt of transfers to charities on death in (a) 2013-14 and (b) 2014-15.
tabling member constituency	Salford and Eccles
tabling member printed	Rebecca Long Bailey
uin	63965
answer	answer is ministerial correction date of answer 20/02/2017 answer text <p>Latest statistics on inheritance tax exemptions and reliefs claimed by estates in 2013-14 can be found at: <a href="https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-122-exemptions-and-reliefs" target="_blank">https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-122-exemptions-and-reliefs</a></p><p> </p><p>This publication contains information on how many estates claimed inheritance tax relief on transfers to charities on death (PQ02515), transfers to surviving spouses on death (PQ02519), conditional exemptions for heritage property (PQ02521), business property including unlisted shares (PQ02525) and agricultural property (PQ02526).</p><p> </p><p>Data for 2014-15 is not currently available.</p> answering member constituency Battersea answering member printed Jane Ellison grouped question UIN 63826 63827 63968 63969 question first answered 20/02/2017 15:35:25 answering member 3918 label Biography information for Jane Ellison
tabling member	4396 label Biography information for Rebecca Long Bailey

687922

registered interest
date	09/02/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people received inheritance tax exemption of transfers on death to surviving spouses in (a) 2013-14 and (b) 2014-15.
tabling member constituency	Salford and Eccles
tabling member printed	Rebecca Long Bailey
uin	63968
answer	answer is ministerial correction date of answer 20/02/2017 answer text <p>Latest statistics on inheritance tax exemptions and reliefs claimed by estates in 2013-14 can be found at: <a href="https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-122-exemptions-and-reliefs" target="_blank">https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-122-exemptions-and-reliefs</a></p><p> </p><p>This publication contains information on how many estates claimed inheritance tax relief on transfers to charities on death (PQ02515), transfers to surviving spouses on death (PQ02519), conditional exemptions for heritage property (PQ02521), business property including unlisted shares (PQ02525) and agricultural property (PQ02526).</p><p> </p><p>Data for 2014-15 is not currently available.</p> answering member constituency Battersea answering member printed Jane Ellison grouped question UIN 63826 63827 63965 63969 question first answered 20/02/2017 15:35:25 answering member 3918 label Biography information for Jane Ellison
tabling member	4396 label Biography information for Rebecca Long Bailey

687923

registered interest
date	09/02/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people received inheritance tax relief for estates left on death with conditional exemption for heritage property in (a) 2013-14 and (b) 2014-15.
tabling member constituency	Salford and Eccles
tabling member printed	Rebecca Long Bailey
uin	63969
answer	answer is ministerial correction date of answer 20/02/2017 answer text <p>Latest statistics on inheritance tax exemptions and reliefs claimed by estates in 2013-14 can be found at: <a href="https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-122-exemptions-and-reliefs" target="_blank">https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-122-exemptions-and-reliefs</a></p><p> </p><p>This publication contains information on how many estates claimed inheritance tax relief on transfers to charities on death (PQ02515), transfers to surviving spouses on death (PQ02519), conditional exemptions for heritage property (PQ02521), business property including unlisted shares (PQ02525) and agricultural property (PQ02526).</p><p> </p><p>Data for 2014-15 is not currently available.</p> answering member constituency Battersea answering member printed Jane Ellison grouped question UIN 63826 63827 63965 63968 question first answered 20/02/2017 15:35:25 answering member 3918 label Biography information for Jane Ellison
tabling member	4396 label Biography information for Rebecca Long Bailey

687927

registered interest
date	09/02/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people received inheritance tax relief for business relief including unlisted shares in (a) 2013-14 and (b) 2014-15.
tabling member constituency	Salford and Eccles
tabling member printed	Rebecca Long Bailey
uin	63826
answer	answer is ministerial correction date of answer 20/02/2017 answer text <p>Latest statistics on inheritance tax exemptions and reliefs claimed by estates in 2013-14 can be found at: <a href="https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-122-exemptions-and-reliefs" target="_blank">https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-122-exemptions-and-reliefs</a></p><p> </p><p>This publication contains information on how many estates claimed inheritance tax relief on transfers to charities on death (PQ02515), transfers to surviving spouses on death (PQ02519), conditional exemptions for heritage property (PQ02521), business property including unlisted shares (PQ02525) and agricultural property (PQ02526).</p><p> </p><p>Data for 2014-15 is not currently available.</p> answering member constituency Battersea answering member printed Jane Ellison grouped question UIN 63827 63965 63968 63969 question first answered 20/02/2017 15:35:25 answering member 3918 label Biography information for Jane Ellison
tabling member	4396 label Biography information for Rebecca Long Bailey

686943

registered interest
date	08/02/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people received inheritance tax successive charges relief in (a) 2013-14 and (b) 2014-15.
tabling member constituency	Salford and Eccles
tabling member printed	Rebecca Long Bailey
uin	63627
answer	answer is ministerial correction date of answer 24/02/2017 answer text <p>The latest statistics on inheritance tax exemptions and reliefs claimed by estates in 2013-14 can be found at: <a href="https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-122-exemptions-and-reliefs" target="_blank">https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-122-exemptions-and-reliefs</a>. Information for 2014-15 is not currently available.</p><p> </p><p>The number of estates claiming woodland relief, double taxation relief, taper relief and quick succession relief are not provided separately in this table due to the small numbers involved. The number of estates claiming these reliefs are therefore grouped together under, ‘other reliefs and exemptions’ and ‘reliefs against tax’ in order to maintain taxpayer confidentiality.</p><p> </p><p>Information on people or businesses benefitting from inheritance tax relief for interest-free instalments is not available.</p><p> </p><p>Information on inheritance tax relief for transfers to political parties on death is not available.</p><p> </p><p>There are no specific exemptions from inheritance tax for expenses incurred by Members of Parliament or government ministers.</p><p> </p> answering member constituency Battersea answering member printed Jane Ellison grouped question UIN 63622 63623 63624 63625 63626 63628 question first answered 24/02/2017 12:44:22 answering member 3918 label Biography information for Jane Ellison
tabling member	4396 label Biography information for Rebecca Long Bailey