{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "http://eldaddp.azurewebsites.net/answeredquestions.text?version=1&hansardHeading=Inheritance+Tax", "definition" : "http://eldaddp.azurewebsites.net/meta/answeredquestions.text?version=1&hansardHeading=Inheritance+Tax", "extendedMetadataVersion" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_metadata=all&version=1&hansardHeading=Inheritance+Tax", "first" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_page=0&version=1&hansardHeading=Inheritance+Tax", "hasPart" : "http://eldaddp.azurewebsites.net/answeredquestions.text?version=1&hansardHeading=Inheritance+Tax", "isPartOf" : "http://eldaddp.azurewebsites.net/answeredquestions.text?version=1&hansardHeading=Inheritance+Tax", "items" : [{"_about" : "http://data.parliament.uk/resources/1689444", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1689444/answer", "answerText" : {"_value" : "
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>
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>
The Government keeps all taxes under review, including inheritance tax.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4407", "label" : {"_value" : "Biography information for Nigel Huddleston"} } , "answeringMemberConstituency" : {"_value" : "Mid Worcestershire"} , "answeringMemberPrinted" : {"_value" : "Nigel Huddleston"} , "dateOfAnswer" : {"_value" : "2024-02-23", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "14344"} , {"_value" : "14345"} , {"_value" : "14346"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-02-23T09:00:28.127Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-02-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Inheritance Tax"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4866", "label" : {"_value" : "Biography information for Alexander Stafford"} } , "tablingMemberConstituency" : {"_value" : "Rother Valley"} , "tablingMemberPrinted" : [{"_value" : "Alexander Stafford"} ], "uin" : "14343"} , {"_about" : "http://data.parliament.uk/resources/1689445", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1689445/answer", "answerText" : {"_value" : "
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>
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>
The Government keeps all taxes under review, including inheritance tax.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4407", "label" : {"_value" : "Biography information for Nigel Huddleston"} } , "answeringMemberConstituency" : {"_value" : "Mid Worcestershire"} , "answeringMemberPrinted" : {"_value" : "Nigel Huddleston"} , "dateOfAnswer" : {"_value" : "2024-02-23", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "14343"} , {"_value" : "14345"} , {"_value" : "14346"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-02-23T09:00:28.173Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-02-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Inheritance Tax"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4866", "label" : {"_value" : "Biography information for Alexander Stafford"} } , "tablingMemberConstituency" : {"_value" : "Rother Valley"} , "tablingMemberPrinted" : [{"_value" : "Alexander Stafford"} ], "uin" : "14344"} , {"_about" : "http://data.parliament.uk/resources/1689446", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1689446/answer", "answerText" : {"_value" : "
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>
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>
The Government keeps all taxes under review, including inheritance tax.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4407", "label" : {"_value" : "Biography information for Nigel Huddleston"} } , "answeringMemberConstituency" : {"_value" : "Mid Worcestershire"} , "answeringMemberPrinted" : {"_value" : "Nigel Huddleston"} , "dateOfAnswer" : {"_value" : "2024-02-23", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "14343"} , {"_value" : "14344"} , {"_value" : "14346"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-02-23T09:00:28.22Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-02-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Inheritance Tax"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, if he will make it his policy to incorporate the residence nil rate band into inheritance tax.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4866", "label" : {"_value" : "Biography information for Alexander Stafford"} } , "tablingMemberConstituency" : {"_value" : "Rother Valley"} , "tablingMemberPrinted" : [{"_value" : "Alexander Stafford"} ], "uin" : "14345"} , {"_about" : "http://data.parliament.uk/resources/1672304", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1672304/answer", "answerText" : {"_value" : "
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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4407", "label" : {"_value" : "Biography information for Nigel Huddleston"} } , "answeringMemberConstituency" : {"_value" : "Mid Worcestershire"} , "answeringMemberPrinted" : {"_value" : "Nigel Huddleston"} , "dateOfAnswer" : {"_value" : "2023-11-27", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-11-27T16:15:04.573Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-11-22", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Inheritance Tax"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of abolishing inheritance tax.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1447", "label" : {"_value" : "Biography information for Andrew Rosindell"} } , "tablingMemberConstituency" : {"_value" : "Romford"} , "tablingMemberPrinted" : [{"_value" : "Andrew Rosindell"} ], "uin" : "3155"} , {"_about" : "http://data.parliament.uk/resources/1656907", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1656907/answer", "answerText" : {"_value" : "
HMRC recognises the impact on customers of not processing these applications within 15 working days and they will continue to prioritise them.<\/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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4399", "label" : {"_value" : "Biography information for Victoria Atkins"} } , "answeringMemberConstituency" : {"_value" : "Louth and Horncastle"} , "answeringMemberPrinted" : {"_value" : "Victoria Atkins"} , "dateOfAnswer" : {"_value" : "2023-09-11", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-09-11T13:26:06.52Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-09-01", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Inheritance Tax"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4413", "label" : {"_value" : "Biography information for Kirsten Oswald"} } , "tablingMemberConstituency" : {"_value" : "East Renfrewshire"} , "tablingMemberPrinted" : [{"_value" : "Kirsten Oswald"} ], "uin" : "196575"} , {"_about" : "http://data.parliament.uk/resources/1653936", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1653936/answer", "answerText" : {"_value" : "
The Government keeps all taxes under review.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4399", "label" : {"_value" : "Biography information for Victoria Atkins"} } , "answeringMemberConstituency" : {"_value" : "Louth and Horncastle"} , "answeringMemberPrinted" : {"_value" : "Victoria Atkins"} , "dateOfAnswer" : {"_value" : "2023-07-25", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-07-25T14:50:08.23Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-07-18", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Inheritance Tax"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, whether he plans to alter his policies on inheritance tax; and if he will make a statement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4799", "label" : {"_value" : "Biography information for Charlotte Nichols"} } , "tablingMemberConstituency" : {"_value" : "Warrington North"} , "tablingMemberPrinted" : [{"_value" : "Charlotte Nichols"} ], "uin" : "194901"} , {"_about" : "http://data.parliament.uk/resources/1649931", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1649931/answer", "answerText" : {"_value" : "
HMRC regularly monitors and assesses the processing times for inheritance tax and all other tax applications as part of its business operation, enabling the department to address any bottlenecks or delays and to improve performance, which may include reallocating resources. Through these measures, HMRC aims to enhance efficiency and deliver against its agreed service standard of 80 per cent with 15 working days.<\/p>
<\/p>
Throughout 2022-2023 the 15 working day turnaround numbers for Inheritance Tax has been consistently above 80 per cent.<\/p>
<\/p>
HMRC publishes monthly and quarterly performance data on GOV.UK<\/p>
<\/p>
https://www.gov.uk/government/collections/hmrc-monthly-performance-reports<\/p>
<\/p>
https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates<\/p>
<\/strong><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4399", "label" : {"_value" : "Biography information for Victoria Atkins"}
}
, "answeringMemberConstituency" : {"_value" : "Louth and Horncastle"}
, "answeringMemberPrinted" : {"_value" : "Victoria Atkins"}
, "dateOfAnswer" : {"_value" : "2023-07-11", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-07-11T15:53:06.077Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2023-07-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Inheritance Tax"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what assessment he has made of the time taken for inheritance tax applications to be processed.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4413", "label" : {"_value" : "Biography information for Kirsten Oswald"}
}
, "tablingMemberConstituency" : {"_value" : "East Renfrewshire"}
, "tablingMemberPrinted" : [{"_value" : "Kirsten Oswald"}
], "uin" : "192344"}
, {"_about" : "http://data.parliament.uk/resources/1649932", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1649932/answer", "answerText" : {"_value" : " The personal representatives of a deceased\u2019s estate must submit an IHT400 account to HMRC, unless the estate qualifies as \u2018excepted\u2019. In that case, they used to have to submit the shorter IHT205 form (C1 and C5 forms in Scotland). Following reporting requirement changes, these shorter forms are no longer required for deaths occurring after 1 January 2022.<\/p> <\/p>