Petition Create a new inheritance tax allowance for gifts towards a child's first home

The Government should create a new £100,000 inheritance tax allowance for gifts to a child to purchase their first home, to make it easier to support children to get on the housing ladder.

More details

Many children rely on support from their parents to buy their first home, but if their parents die within seven years of making a gift their children could be liable for a massive tax bill, on top of their normal costs of living.

Creating a new inheritance tax allowance for gifts of up to £100,000 to children to help them purchase their first home could make it easier for people to get on the housing ladder, without fearing an inheritance tax bill.

This petition is closed This petition ran for 6 months

20 signatures

Show on a map

10,000

Date closed 17 August 2022
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.