A Bill to amend the Inheritance Tax Act 1984 to make transfers between siblings exempt in certain circumstances
House of Lords
31 October 2023
This Bill would change the Inheritance Tax Act 1984 to allow certain transfers of assets between siblings to be exempt from inheritance tax. It would set out the specific conditions under which such transfers would be treated as tax-free, aiming to simplify some intra-family transfers. The exact details would be defined in the Bill itself.
The Bill is at its first reading in the Lords, starting its journey through Parliament. It will next move on to further readings and committee stage if it progresses.
Generated 21 February 2026
The 2022-2023 session of Parliament has prorogued and this bill will make no further progress.
No recorded votes for this bill yet.
