Steve Brine, the Conservative MP for Winchester and Chandler’s Ford is leading local calls for the Chancellor to raise the inheritance tax threshold in his next Budget.
The MP says he was disappointed that the a Conservative manifesto idea was jettisoned from the Coalition agreement back in 2010, and is now pushing to spare families in his constituency the 40% ‘death tax’ on houses which many have lived in for years.
Steve Brine has written formally to George Osborne to demand that inheritance tax should only be paid by the very wealthy, not with a threshold set at £325,000, or £650,000 for a married couple.
“We all know property prices are higher here than much of the country, but this is a moral as much as a practical point as I do not believe a family home should be subject to this so-called ‘death tax’. I have written formally to the Chancellor setting out my views, and highlighted the support for a clear move on IHT in his final Budget.”
Mr Brine is keen to hear from constituents on the matter, and you can contact him via [email protected] or 01962 791110.