Conservative leader Kemi Badenoch has announced plans to remove inheritance tax on family homes should her party win the next general election.
The proposal would also give couples an additional £1 million allowance that would be exempt from the levy. The announcement forms part of a prospective Conservative policy platform rather than a change to current tax rules.
The measure places housing assets at the centre of the party’s inheritance-tax plans, potentially affecting how family property is treated when it passes between generations.
Details of the pledge were reported by Property Wire. The proposal would require electoral victory and subsequent implementation before it could take effect.