‘Nobody will ever pay inheritance tax if the conservative party is elected,’ says Badenoch.
The Conservative Party leader, Kemi Badenoch, has vowed to cut inheritance tax in the United Kingdom.
Delivering her speech at the party’s national conference in Birmingham on Tuesday,
She stated that the Conservative government would pass laws to change the current inheritance tax system.
“The next conservative government will legislate so nobody will ever pay inheritance tax on their family home,” she said.
The Tory party’s leader shared her party’s plan, urging Conservatives to get the party’s message across the country as they push to win the next election. She described the next election as the “soul of the nation,” stating that the party is capable of winning the next election if an election is announced the next day.
Badenoch promised that if the Conservatives are elected in the next election, the party will eliminate inheritance tax. This development would mean the number of families paying inheritance tax will drop by more than half. She added that the Conservative Party is prepared to make life better for the British people.
“We are going to win, not for ourselves, but for our country. For every hard-working person out there, for everyone who wants to see common sense restored, for everyone who wants to see Britain working again,”
“We are the only party with a plan to get Britain working again,” she said.
This year’s Conservative annual conference saw the party’s leader give accolades to Conservative members of Parliament for pushing several reforms as an opposition government in Parliament. She praised Douglas Lumsden for securing a landslide victory in Aberdeen South for the conservative party.
Inheritance tax is a levy on the property, money, and possessions of someone who has died. Currently, inheritance tax is levied at a rate of 40% on estate assets that exceed the £325,000 threshold. This exemption extends to £500,000 when a primary residence is willed to direct descendants. Furthermore, married couples may aggregate their respective allowances, enabling a tax-free estate transfer of up to £1 million.
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