Lord Tyler – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Tyler on 2015-01-14.

To ask Her Majesty’s Government whether they have considered any scheme to provide inheritance tax relief on bequests which are specifically and solely in respect of paying off student loans; and, if so, what assessment they have made of the impact such a scheme might have on the overall amount of student debt which remains unpaid after 30 years.

Lord Deighton

The Government has no plans to provide a targeted inheritance tax relief in respect of paying off student loans. The current inheritance tax nil rate band and rules for lifetime gifts means the vast majority of individuals are able to make bequests or gifts for this purpose without inheritance tax being a consideration.

The Government keeps all taxes under review.