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 Falkner of Margravine Baroness Falkner of Margravine Crossbench 12:19 pm, 10th February 2021

My Lords, the Minister tells us that 95% of estates do not pay any inheritance tax. In that case, could she tell us what estimate Her Majesty’s Treasury has done of the infinitesimally small number of people who would come under this situation? Has it done any research? Does it have any evidence to show what the impact on revenue from inheritance tax would be if it were to make this legal change, so that those of us who want to see that change can bring about Private Members’ Bills to so address this issue if it is unwilling to do so?