Inheritance Tax: Cohabiting Siblings - Question

Part of the debate – in the House of Lords at 12:19 pm on 10th February 2021.

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Photo of Baroness Hodgson of Abinger Baroness Hodgson of Abinger Conservative 12:19 pm, 10th February 2021

My Lords, inheritance tax hits people when they are at their most vulnerable—when they are bereaved. It is an unfair tax, paid on taxed money by only around 5% of estates, penalising all those who have done the right thing and saved for their old age. Surely we should be encouraging families to live together. Please can the unjust tax situation be looked at again, with a view to remedying this particular situation about siblings?