Conservative leader Kemi Badenoch has set out plans to remove family homes from inheritance tax should the party win the next UK general election.
The proposal would also provide couples with an additional £1 million allowance exempt from the levy, according to Property Wire.
The announcement places housing wealth at the centre of the Conservatives' tax offer, with potential implications for homeowners and families planning the transfer of residential assets between generations.
The measure remains an election pledge and would depend on a Conservative victory and subsequent legislation. No further details on eligibility, valuation thresholds or implementation have been outlined in the reported announcement.
