To ask Her Majesty's Government, further to the answer by Baroness Williams of Trafford on 20 July (HL Deb, col 1413), what estimate they have made of (1) the savings in social and other state costs of free care provided for siblings living in sibling-couple households, and (2) the annual income to HM Treasury as a result of the tax applied to siblings when one sibling-couple partner dies.
Answered on
2 August 2018
The government does not have an estimate of the savings in social care from free care provided by siblings living in these circumstances.
The government has not assessed the inheritance tax liabilities in these circumstances. All individuals benefit from a £325,000 tax free threshold for inheritance tax.
Answered by
Treasury