TaxPersonal TaxLabour claims Tory IHT confusion

Labour claims Tory IHT confusion

Ken Clarke's inheritance tax comments show Tory tax policy confusion, says Labour

Confusion over the Tories’ plan to increase the inheritance tax threshold has
seen Labour claim disarray in the opposition’s camp.

Conservative shadow business secretary Ken Clarke reportedly said that
increasing the threshold to £1m was no longer a priority, and a Tory spokesman
would not confirm it would be implemented within the first term of a Tory
government.

Labour ministers said the Tories’ policies were in confusion.

‘We’ve been calling on the Tories for months to scrap this unfair giveaway to
the wealthiest few,’ said Treasury minister Angela Eagle.

Clarke said he did not see ‘any significant difference’ with what his
position and what colleagues had said in the past.

‘This measure will appear in the manifesto and I support it.’

Further reading:

Treasury closes avoidance
loophole

Lovells chosen to lead HMRC
litigation pilot

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