Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to review the residence nil-rate band policy for inheritance of property.

From April 2020, the nil-rate band and residence nil-rate band thresholds allow up to £1m of assets for a qualifying married couple or civil partnership to be passed on before any inheritance tax is paid. As a result, in 2020-21, 96% of all estates are forecast to be able to pass on their assets without an inheritance tax liability.