称，保守党计划减少缴纳遗产税的英国人数量，其实际成本可能接近该党估算值的两倍。领袖凯米·巴德诺奇承诺将家庭住宅免除遗产税，并将夫妻可免税继承的其他资产价值上限提高至100万英镑（130万美元），这是她周三在保守党大会上的演讲核心内容。该党称，这项措施将耗资60亿英镑。然而，丹·尼德尔的税务政策协会分析指出，实际成本将在77亿至109亿英镑之间。
The Conservatives’ plan to cut the number of Britons paying inheritance tax risks costing almost twice as much as the party estimates, a think tank warned Leader Kemi Badenoch’s pledge to exempt family homes from inheritance tax and increase to £1 million ($1.3 million) the value of other assets that couples can bequeath tax-free was the centerpiece of her speech at the Conservatives’ conference on Wednesday. The party said the measure would cost £6 billion> However, an analysis by Dan Neidle’s Tax Policy Associates put the actual cost at between £7.7 and £10.9 billion.
这种差异源于富裕的退休人员可能会因此受到激励，选择继续居住在自己的家中，而不是缩减住房规模并将资产转移至房产中以避免缴纳遗产税。
The discrepancy arises because wealthy pensioners would be incentivized to stay in their homes rather than downsize and shift assets into housing to avoid paying inheritance tax.
根据该分析，保守党的提案可能导致600亿至1100亿英镑的资金从储蓄和投资转向住房市场，同时每年还会使伦敦和东南部地区待售的百万英镑级住宅数量减少3%至6%。
The Tories’ proposal could see between £60 billion and £110 billion moving from savings and investments into housing, according to the analysis, as well as reducing the number of million-pound homes on sale in London and the South East by between 3% and 6% each year.
这一观点呼应了财政研究所2023年发出的警告，即任何遗产税“应对所有形式的继承财富一视同仁”，以避免此类市场扭曲。2015年，保守党政府为住宅设立了独立的遗产税免税额度时，就加入了相关条款，以防止该规则阻碍老年人迁往价格更低的住宅。
It echoes a 2023 warning from the Institute for Fiscal Studies that any inheritance tax “should apply in the same way across all forms of wealth inherited” to avoid such distortions. When the Conservative government introduced a separate inheritance tax allowance for homes in 2015, it included a provision to stop the rule discouraging older people from moving to cheaper homes.
影子财政大臣理查德·富勒在周四接受《泰晤士报》电台采访时承认，他对住房市场可能出现的扭曲“感到担忧”，并表示该党彻底废除遗产税的愿景将消除这些影响。
Shadow Chief Secretary to the Treasury Richard Fuller acknowledged “concerns” about distortions to the housing market in an interview with Times Radio on Thursday, saying the party’s ambition to abolish inheritance tax altogether would remove those effects.
不过，巴德诺奇目前尚未完全支持彻底废除遗产税，理由是这项计划需要由该党已确定的储蓄资金（主要来自福利预算）来全额覆盖。
Badenoch stopped short to endorsing the full abolition of IHT for now, on the grounds that the plan needed to be fully funded by savings the party has identified, largely from the welfare budget.
周三，一位保守党发言人还表示，该党承诺取消购房印花税，将有效增加住房供应。
On Wednesday a Conservative spokesperson also said the party’s pledge to scrap stamp duty, a tax on homebuying, would effectively increase housing supply.
这项遗产税提案遭到批评，认为它只会让最富裕的人群受益。巴德诺奇则反驳称，保守党“一直是、也始终是支持住房所有权的政党”。尼德尔的计算显示，受益者中有90%属于人口中最富裕的20%，而其中三分之二居住在伦敦或东南部周边地区。
The inheritance tax proposal has been criticized for only benefiting the wealthiest, with Badenoch countering that the Conservatives “are and always have been the party of home ownership.”Neidle’s calculations suggest that 90% of those who would benefit are in the richest 20% of the population, and two-thirds live in London or surrounding parts of the south east.