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.
 

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