Submitted on Wednesday 5th August 2015
Published on Wednesday 5th August 2015
Current status: Closed
Closed: Friday 5th February 2016
Signatures: 607
End Inheritance Tax (IHT) discrimination against the childless
We are calling for a change to the discriminatory nature of new IHT legislation by giving those who are childless exactly the same allowances as those with direct descendants.
New legislation means married couples and civil partners with homes will, from 2017, be able to leave estates worth up to £850,000 without paying IHT. The figure rises to £1m by 2020/2021. However, Family Home Allowance (FHA) only applies to direct descendants. Those who do not have children, stepchildren or grandchildren, will be excluded from benefiting from the additional allowance. This should be changed to give those who are childless the same allowances as those with direct descendants.
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