Taxation: Inheritance Tax Debate

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Department: HM Treasury

Taxation: Inheritance Tax

Baroness Trumpington Excerpts
Wednesday 21st December 2011

(13 years ago)

Lords Chamber
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Lord Sassoon Portrait Lord Sassoon
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My Lords, the Government keep all tax matters under review, but we have no plans, as I have said, to change the law on inheritance tax.

Baroness Trumpington Portrait Baroness Trumpington
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Although there is to be no review, in the old days I simply signed a piece of paper and gave it to my son to give him power of attorney but now I am told that I have to do it through a lawyer, which will cost me a lot of money. Is that relevant to the review that has just taken place?

Lord Sassoon Portrait Lord Sassoon
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My Lords, I do not believe it is relevant to this review, but my noble friend Lord McNally is sitting alongside me and is no doubt listening very hard to the point that my noble friend makes.