George Osborne resisted the temptation to increase the inheritance tax (IHT) threshold, as many had hoped he would in the run up to his autumn statement. Instead, he said he would exempt emergency workers, and humanitarian aid workers from future IHT bills if they are killed in active service.
In October David Cameron said he believed the “hated death duty”, as it has been dubbed by the Daily Mail, should be paid by only the very wealthy, leading some to suggest he would raise the threshold from its current rate of £325,000. The Conservatives proposed raising the threshold to £1m before the 2010 election. The threshold has not been increased since 2009.
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