Ahead of British election, PM Cameron pledges to cut inheritance tax from 2017

April 11, 2015 8:43 PM

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LONDON, April 11 (Reuters) - British Prime Minister David Cameron has promised to cut inheritance tax so that parents will be able to pass on a family home worth up to 1 million pounds ($1.5 million) to their children without paying the tax, The Sunday Times reported.

Inheritance tax has become increasingly unpopular with many Britons as rising property prices, particularly in London, mean a greater proportion of people are liable to pay it.

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