The quick guide to United Kingdom political parties stances on inheritance tax

Should the government abolish the inheritance tax? ^{stats discuss}

Labour’s answer: No Health Secretary Andy Burnham has often said he would like to see a compulsory levy to pay for elderly care. Last month he told another Fabian Society conference that he wanted Labour to ‘embrace’ a system where social care is funded by a tax on estates when people die. Mr Burnham said Labour was holding ‘internal discussions’ about the tax, which it is understood would be levied on top of the 40 per cent inheritance tax.Source

Should the government abolish the inheritance tax? ^{stats discuss}

Conservative’s answer: Yes, it is double taxation Chancellor Sajid Javid has revealed that he's considering scrapping inheritance tax in a massive handout to the richest families.Source

Should the government abolish the inheritance tax? ^{stats discuss}

Liberal Democrat’s answer: No, reform so the tax rate is based on the wealth of the recipient rather than the deceased The Conservatives can't be trusted to deliver fair taxes by themselves. We blocked their plans to give millionaires a £270,000 inheritance tax cut and they refuse to create a mansion tax because they are worried it would affect their big donors.Source

Should the government abolish the inheritance tax? ^{stats discuss}

Green’s answer: No Reform inheritance tax, so that the level of taxation depends on the wealth of the recipient rather than that of the deceased, raising £3bn by 2013. This will encourage people to distribute their property widely.Source

Should the government abolish the inheritance tax? ^{stats discuss}

SNP’s answer: No There is a case for devolving some other taxes, such as inheritance tax or capital gains tax, but these raise relatively small sums of money, and any administrative challenges would need to be overcome (executive summary, page 9).Source

Should the government abolish the inheritance tax? ^{stats discuss}

Plaid Cymru’s answer: No Plaid Cymru Arfon MP Hywel Williams said: “UK inheritance tax is a UK-wide tax and the Government is freezing this with a view to funding social care in England. This means that there is the potential for Wales to lose out as inheritance tax is collected in Wales yet does not fund public services in Wales.Source

Should the government abolish the inheritance tax? ^{stats discuss}

Libertarian’s answer: Yes Source

Should the government abolish the inheritance tax? ^{stats discuss}

British National’s answer: No The raising of the inheritance tax threshold to £1 million;Source

Should the government abolish the inheritance tax? ^{stats discuss}

Sinn Féin’s answer: No, reform so the tax rate is based on the wealth of the recipient rather than the deceased Capital Acquisitions Tax (CAT) is a tax on gifts and inheritance. We would raise the rate of CAT from 30% to 40% and reduce the family and ‘other’ thresholds by 25%, raising €150million.Source

Should the government abolish the inheritance tax? ^{stats discuss}

Social Democratic have not answered this question yet. Would you like to suggest their answer?

Should the government abolish the inheritance tax? ^{stats discuss}

Democratic Unionist’s answer: Yes, it is double taxation That this House notes the phenomenal response to the campaign organised by the Daily Express newspaper to abolish inheritance tax, culminating in a 200,000 signature petition to the Treasury; believes that the failure of inheritance tax thresholds to keep pace with house price inflation has meant that millions of ordinary households are now liable for death duty and that inheritance tax is an inefficient and an immoral tax for the recently bereaved; and urges the Government urgently to consider abolishing inheritance tax.Source

Should the government abolish the inheritance tax? ^{stats discuss}

Ulster Unionist have not answered this question yet. Would you like to suggest their answer?

Should the government abolish the inheritance tax? ^{stats discuss}

People Before Profit have not answered this question yet. Would you like to suggest their answer?

Should the government abolish the inheritance tax? ^{stats discuss}

Traditional Unionist Voice have not answered this question yet. Would you like to suggest their answer?