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Am I right in saying that you can give your house to your children, providing that you don't die within 7 years, then they're not liable for IHT?

I presume that you've written a will leaving everything to the government when you die?

That is my view too.

You've missed my point. MPs take more out of the public purse than the 'spongers' that the press are so keen to decry. Most people receiving benefits are in work.

Or he could say he wasn't subsidising the MPs bar in the Houses of Parliament or contributing to their many expenses that they claim.

I wonder how many people buy products from Amazon which is based in Luxembourg thus avoiding paying UK vat?

The level was set when homes were still relatively less expensive but has remained the same so that a lot of houses in the south east now fall into this bracket. I have a cousin with one offspring who will have to pay inheritance tax when they die. It is not even a big house.