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Badenoch Pledges To Scrap Inheritance Tax On Family Homes. Conservative Party leader Kemi Badenoch has pledged to scrap inheritance tax on family homes if the Conservatives return to government. In her keynote speech at the party's conference in Birmingham, Badenoch also proposed allowing couples to leave up to £1 million tax-free. She said her longer-term ambition was to abolish inheritance tax entirely, but acknowledged this could only happen when public finances allowed, citing spending pressures including defence and prisons. Badenoch also sought to distinguish the Conservatives from Labour and Reform UK, describing her party as the "no-nonsense party" while criticising both rivals. She argued the Conservatives had changed since their heavy defeat at the 2024 general election and were rebuilding. Rival parties criticised the inheritance tax proposals, arguing they would disproportionately benefit wealthier households.
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