Anusha Suthenthiran
Our Assessing the Implications of Inheritance Tax Reforms in the UK report estimated that a full inheritance tax (IHT) exemption for primary residence combined with an increase in the nil-rate band to £500,000 would cost £6.0 billion in 2029/30. Tax Policy Associates’ (TPA) have estimated the cost at between £7.7 and £10.9 billion.