The Tories pledged to dramatically raise the thresholds for both stamp duty on homes and inheritance tax this week, as they unveiled tax breaks that will largely benefit middle England
The stamp duty threshold would rise to £250,000 from its current £125,000
level, taking many first-time buyers outside the tax net, while the IHT
threshold would rise to £1m, about three times the current rate.
Alistair Darling said the Tories’ sums did not add up.
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