The Conservative Party

It’s £325k per person, but in a married couple (not sure about civil partnerships etc) both you and your spouse can pass on 325k tax free so £750k in total. There is an additional relaxation per person of £125k if you pass your house onto your grandchildren, thus making a total of £1m.
the additional property allowance is £175K each not £125K, and it’s on estates of £2 million or less only. Applies to children, step children, adopted children and grand children.
 
the additional property allowance is £175K each not £125K, and it’s on estates of £2 million or less only. Applies to children, step children, adopted children and grand children.
Thanks for the clarification. It’s certainly a tax break for those who would be considered in the top few percent.
 
On the face of it, yes, but right now we have Hunt swanning around as de facto PM and Truss sitting in a bunker somewhere and that isn’t sustainable and every Tory MP knows it.

So, Truss resigns or is forced out, and then what? Another PM is coronated without going to the membership, and another Chancellor is appointed as we head to a world of pain with higher prices, higher mortgage rates, higher taxes and the axe taken to public services and public pay, because no matter who the next Tory PM/Chancellor combo is, it Is the markets who are running our economy.

There is literally, no world in which this situation can last. A Govt without authority or credibility and little public support is barely going to make to 2023 let alone 2024.
Military coup.
It’s the only way.
 

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