The 2010 Conservative Manifesto said “We will raise the inheritance tax threshold to £1m to help millions of people who aspire to pass something on to their children, paid for by a simple flat rate levy on all non domiciled individuals”
The Lib Dems palced a veto on doing this in government in the current Parliament, and it did not appear as a Coalition promise in the Coalition Agreement. They did raises taxes on non doms and spent the money elsewhere.
Today we are likely to be told that the next Conservative manifesto will say that the Inheritance Tax threshold should be frozen at £325,000 until 2019. It has been frozen this Parliament at the request of the Lib Dems. This will help pay for the care costs cap.
Which policy do you prefer, the 2010 one or the 2015 one?