§ Mr. Nigel GriffithsTo ask the Chancellor of the Exchequer what is his estimate of the cost in a full year of raising the threshold for inheritance tax by(a) £10,000, (b) £20,000, (c) £30,000, (d) £40,000, (e) £60,000, (f) £80,000 and (g) £100,000, specifying in each case the number of people who would be taken out of tax by the measure. [39096]
§ Mr. JackThe estimated full-year costs of increasing the indexed threshold for inheritance tax by the specified amounts, and the associated reductions in taxpaying estates, are given in the table:
Raise IHT by threshold 1996–97full year cost £ million Number of estates taken out of tax £10,000 80 2,500 £20,000 150 4,000 £30,000 220 6,000 £40,000 280 7,500 £60,000 390 9,000 £80,000 480 11,000 £100,000 560 12,000