Inheritance tax on family homes will be ABOLISHED and couples can leave extra £1m tax-free, vows Kemi Badenoch

18 comments 18 Next KEMI Badenoch has pledged to abolish inheritance tax on family homes if the Tories win office. The party leader used her conference speech today to ensure “ordinary, middle-class families” aren’t hit with the punishing levy. Kemi Badenoch vows to cut inheritance tax on the family home Credit: Simon Jones The Tory leader said inheritance was meant for the super wealthy but now applies to ordinary families Credit: AFP Advertisement She hit out at Labour claiming they believe its “selfish” to pass on to your children what you have earned. It comes as the party has already vowed to scrap the mansion tax and it comes after they pledged to scrap stamp duty last year. Sign up for the Politics newsletter Thank you! Email address Please provide a valid email. Your info will be used in accordance with our Privacy Policy You'll now receive top stories, breaking news, and more, straight to your email. She also told the rally in Birmingham that couples would be allowed to pass an additional £1 million to their kids tax-free – taking the total to £2 million. Ms Badenoch said: “The Labour Party think it is selfish to pass on what you have earned to your children. We don’t. read more on politics 'TOUGH LOVE' 'Everyone who can work, WILL' vows Kemi as she blasts Burnham benefits splurge POLITICS FIX Kemi ready to throw the gauntlet down to Labour today - momentum is with her In case you missed Kemi’s speech… Kemi Badenoch has vowed to axe inheritance tax on family homes The Tory leader has said benefit claimants need ‘tough love’ to rein in welfare spending and get back into work Tories will slash employers’ National Insurance in half for under-25s Kemi has promised to end the £100k childcare ‘cliff edge’ and guarantee 30 hours of free care Conservatives will block non-UK nationals from accessing student loans Kemi has pledged to defend the pensions triple lock while blasting Labour for putting pensioners’ incomes at risk Tories will roll out the ‘most ambitious deregulation project in a generation’ alongside a 50p deficit-reduction rule “If Labour understood why this mattered, they wouldn’t have introduced a family farms tax, which drove some farmers to take their own lives. “Inheritance tax was supposed to be a tax on the super-wealthy. Those people have all gone or they have moved their money offshore and avoid the tax altogether. Most read in The Sun GUNFIRE HORROR Plastic surgeon shot dead inside Costa del Sol BBL clinic THE SUN SAYS Kemi peppered speech with vote-catching ideas but must show Tories can deliver STAR'S SHAME Coronation Street star Eric Potts admits making indecent images of children 'CRAZY SCREAMS' Dad saves child from rollercoaster 'blaze' after kids trapped inside tunnel “Instead, it is now a tax on ordinary, middle-class families in every corner of the country. So let’s go back to first principles. Advertisement “What is the thing that most people want to pass on to their children and grandchildren? It is their family home. “We understand why putting roots down and having a stake in society matters. “Our homes are where we watch our children take their first steps , it’s where we gather every Christmas to put up the same decorations. “Passing on your home to your family is one of the most human instincts of all. “So conference, the next Conservative government will legislate so nobody will ever pay inheritance tax on their family home.” Advertisement The party also said this week that they would halve the “ Jobs Tax” on workers aged 21 to 24 to help young people into work. She also said the next election will be a “battle for the soul of the nation”. Bridget Phillipson, Labour party chair, said: “The Tories haven’t changed. Kemi Badenoch has shown that the Tories’ choice is to do nothing to help ordinary families struggling with the cost of social care, prioritising the wealthiest instead. Only Labour will build a National Care Service, with free personal care for all older people who need it. “Kemi Badenoch’s Tories wouldn’t take this country the “right way”. They would put Britain into reverse with the same Tory failures that crashed our economy and left public services crumbling. RECOMMENDED STORIES “That’s not a future anyone wants to see. Advertisement “Andy Burnham is bringing back hope to Britain, by driving good growth in every postcode, giving people vital breathing space on the cost of living, and by putting power back into people’s hands right across the country.” 18 comments 18