Inheritance Tax: Social Mobility
Commons · Question 65684 · Tabled 7 Jul 2025 · Treasury · Official record
Answered 15 Jul 2025
Question
Asked by Matt Vickers
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of changes to inheritance tax on social mobility.
Answer
Answered by James Murray, 15 Jul 2025
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 and is available to those passing on a qualifying residence on death to their direct descendants, such as children ...