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Last week the Prime Minister, David Cameron, stated that he would like to increase the inheritance tax threshold, reviving memories of the 2010 Conservative Party manifesto pledge to increase the threshold to £1 million.
The Institute for Fiscal Studies (IFS) has published an observation that sets out how much this would cost, who would benefit and the arguments for alternative reforms to inheritance tax.
Much of the evidence drawn on by the IFS is from the Mirrlees Review, funded by the Nuffield Foundation and ESRC and published in 2010.
The IFS Observation is written by Stuart Adam and Carl Emmerson and is available on the IFS website >>