The Aporia
YouGov research shows 52% of Brits support reducing or abolishing inheritance tax, also known as death duties. Only 13% want to keep it unchanged, while 9% think it should increase. The most popular option for abolition was among Conservative and Reform Party voters but also received support from Labour (26%) and Liberal Democrat supporters (27%). Kemi Badenoch, the UK's Exchequer Secretary, used her speech at the Conservative conference to propose significant changes: exempting main residences passed down through generations regardless of value, allowing couples to pass on an additional £1 million in assets tax-free. This could reduce inheritance tax payers by over half. The policy is funded with cuts to the welfare budget and would cost £6 billion annually.
YouGov research found 52 per cent believe the death duties should either be reduced or scrapped altogether.
Mrs Badenoch used her speech wrapping up Conservative conference yesterday to make a bold vow on inheritance tax.