Skip to main content
Banner image for Matthew Offord

Matthew Offord

Member of Parliament for Hendon Constituency
Site logo

Main navigation

  • Home
  • About Matthew
  • COVID-19
  • Campaigns
  • News
  • Articles
  • In Parliament
  • National Issues
  • My Plan
  • Survey
  • Contact

Matthew alarmed at effect of Labour's inheritance tax plans on Hendon families

  • Tweet
Friday, 22 November, 2019
Labour's inheritance tax
Labour's inheritance tax
Labour's inheritance tax

Commenting on Labour's manifesto, Matthew said: "While I am still looking at the cost of Labour’s manifesto, I am immediately alarmed by one issue. Labour intends to raise billions of pounds by 'reversing' inheritance tax cuts brought in under the Conservatives.

"Labour does not spell out exactly what that means, but the threshold for couples paying 40% death duties was raised from £660,000 to £1 million in 2015, whilst prior to the Conservative-led coalition government it was just £325,000. 

"Labour proposals could mean the estate of practically every single person who owns a property in the Hendon constituency would be liable to pay inheritance tax of 40% as the average house price in Hendon is £708,424. Inheritance tax would be levied on £383,424 (£708,424 minus £325,000), leaving an inheritance tax bill of £153,369. That would have a devastating effect on many local families." 

  • Local News

You may also be interested in

Flats in Colindale

Matthew welcomes Government action to restrict future ground rents to zero

Monday, 11 January, 2021

Matthew has welcomed the Government’s announcement that action will now be taken to reform English property law, through the introduction of the Commonhold tenure.

News

  • Our map

Show only

  • Articles
  • European News
  • Local News
  • Media
  • Opinions
  • Reports
  • Speeches
  • Speeches in Parliament
  • Westminster News

Matthew Offord Member of Parliament for Hendon Constituency

Footer

  • About RSS
  • Accessibility
  • Cookies
  • Privacy
  • About Matthew
Site logoPromoted by Hilary Smith on behalf of Matthew Offord, both at 120 Bunns Lane, Mill Hill, London, NW7 2AS.

This website is privately funded and not paid for by tax payers.

Copyright 2021 Matthew Offord Member of Parliament for Hendon Constituency. All rights reserved.
Powered by Bluetree