Cameron promises to end inheritance tax
A Conservative government would end inheritance tax on family homes worth up to £1m from April 2017, David Cameron announced.
This revives a previous Tory pledge from 2010 which the Liberal Democrats halted as part of their coalition, although the new 'family home allowance' would not apply to properties worth over £1 million.
Labour said the proposal was a "panic move" which would bring a tax cut of £140,000 to people owning £2 million homes.
