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Inheritance Tax: Northern Ireland

Volume 459: debated on Wednesday 18 April 2007

To ask the Chancellor of the Exchequer if he will link the threshold for inheritance tax in Northern Ireland to the level of house prices there. (131131)

The inheritance tax nil-rate band increases each year by reference to the retail prices index unless Parliament decides otherwise.

However, the Chancellor announced in Budget 2007 increases in the nil-rate band in excess of the expected retail prices index for each year through to 2010-11 when it will reach £350,000.