Sibling Couples - Question

Part of the debate – in the House of Lords at 11:14 am on 21st March 2019.

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Photo of Lord Bates Lord Bates The Minister of State, Department for International Development 11:14 am, 21st March 2019

There would be a tax consequence, because the spousal transfer in inheritance tax costs the Treasury some £2.5 billion per year. To extend the scope of that would involve a charge, and our judgment is that this case does not merit that.