Tories pledge to raise inheritance- tax threshold for couples

London

UK Prime Minister David Cameron on Sunday pledged to raise the inheritance-tax threshold for couples to £1 million (S$2 million) as he seeks to break the opinion-poll deadlock between his Conservatives and the Labour Party less than a month before the country's general election.

Mr Cameron on Sunday announced that a Tory government will increase the current limit of £650,000 for a couple by an additional £175,000 allowance for each partner when passing on their primary residence.

The pledge, to be funded by restrictions on pension tax relief for Britons earning more than £150,000 annually, will take effect in …