Originally posted by d000hg
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Let me google that for you.
https://www.google.co.uk/search?q=to...nheritance+tax
First result Inheritance tax to be scrapped on homes worth up to £1m - BBC News says.
At present, inheritance tax is payable at 40% on the value of an estate in excess of the tax-free allowance of £325,000 per person. Married couples and civil partners can pass the allowance on to each other.
From April 2017 parents will each be offered a further £175,000 "family home allowance" to enable them to pass property on to children tax-free after their death.
This will be added to the existing £325,000 inheritance tax threshold, bringing the total transferable tax-free allowance from both parents in a married couple or civil partnership to £1m.
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