Petition REMOVE all restrictions from the £100,000 Transferable Main Residence Tax(RNRB)

The RNRB, an addition to the IHT allowance, states this property allowance is only exempt from IHT if the property is bequeathed to a direct descendant of the deceased, or their spouse/civil partner.
For RNRB purposes common law partners or relatives such as nephews,nieces,siblings are exempt.

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INSTEAD give the allowance restriction free, to all property owners, enabling them to bequeath as much of their main residence free from IHT as possible.
This would increase the current £325,000 IHT threshold by £100,000. Increasing to £500,000 by 2020.This then can be bequeathed to anybody you choose
See https://www.gov.uk/wills-probate-inheritance/overview. Select IHT go to item 2,

This petition closed early because of a General Election Find out more on the Petitions Committee website

19 signatures

Progress of the petition towards its next target: 19 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 3 May 2017
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