HC Deb 06 June 1996 vol 278 c514W
Mr. Matthew Banks

To ask the Chancellor of the Exchequer what plans he has to raise the limit below which delivery of an inheritance tax account is not required for administering a deceased person's estate. [32064]

Mr. Jack

The Inland Revenue has today laid regulations increasing the overall limit from £145,000 to £180,000, and relaxing the current rules on lifetime gifts and overseas assets. The changes will come into operation from 1 July 1996, for estates of persons dying on or after 6 April 1996. They will simplify the administration of some 7,500 estates in 1996–97.