What's in the Conservatives' inheritance tax plan and who benefits?
Conservative leader Kemi Badenoch has proposed a significant overhaul of UK inheritance tax, aiming to exempt family homes from the levy. The plan would raise the tax-free threshold to £500,000 and allow couples to pass on more wealth, though critics warn it primarily benefits the wealthy.
Why it matters
This policy shift could significantly alter the tax burden for high-net-worth families and influence voter behavior in the upcoming UK general election.
By Ben Chu , Policy and analysis correspondent and Tom Edgington , BBC Verify Published 7 minutes ago Conservative leader Kemi Badenoch has announced she will overhaul inheritance tax if her party wins the next general election.
She told the Conservatives' annual conference that "nobody will ever pay inheritance tax on their family home" and couples will be able to leave an additional £1m tax free.
Tax experts say the party's £6bn per year estimate of the cost of the plan is reasonable, but warn the policy would primarily benefit wealthier households and could discourage older people from moving to smaller homes.
BBC Verify has looked into the details of the policy.
Under the current system, inheritance tax of 40% is paid when someone's estate - the total value of their money and property exceeds £325,000. Anything under this amount is not taxed.
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