Building a secure future often means planning ahead — ensuring that what families work hard for can be passed on fairly and without unnecessary burden.

This is what the Labour Party is delivering: measures that make inheritance and succession simpler, fairer, and more supportive.
Support for parents helping their children will increase significantly, with higher exemptions on property transfers, making it easier for the next generation to become homeowners.

Families investing in property for their children will also benefit from VAT refunds on works, reducing costs and supporting long-term planning.

At the same time, reforms to succession laws will ensure that children inheriting property for their residence face fewer tax burdens, while also addressing situations where living arrangements change later in life.

Additional measures will ensure that parents inheriting from their children are also exempt from stamp duty, recognising the realities families face.

Together, these changes create a system that is more equitable, transparent, and supportive of family continuity.
With these measures, Labour is delivering peace of mind for the future.