George Osborne
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Inheritance tax: 'Only millionaires to pay', says Osborne

A Conservative government would end inheritance tax on family homes worth up to £1m, David Cameron is to announce.

It means more owners of homes in the UK would be able to pass them on to their children without paying tax.

The policy is likely to be at the centre of the Tory election manifesto, which will be launched next week.

Speaking on the Andrew Marr Show, the Chancellor George Osborne said: "We believe that your home... should belong to you and your family, not the taxman".

  • 12 Apr 2015
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