Tory Inheritance Tax Scandal.

George Osborne, the Chancellor, will announce that the level at which inheritance tax becomes payable will be frozen at £325,000 until at least 2019 to fund reform of the social care system.

The decision will mean that the owners of an average home across much of southern Britain and large areas elsewhere will be liable for inheritance tax. Critics said it was effectively a “double tax” as it was a levy on assets already raided by the taxman and accused the Treasury of “picking people’s pockets”.
Telegraph.