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Inheritance tax to be scrapped on homes worth up to £1m

4 July 2015 Last updated at 06:52 BST

Chancellor George Osborne will use the first Conservative-only Budget for almost 20 years to end inheritance tax on family homes worth up to £1m.

He is expected to tell MPs on Wednesday that the threshold at which the tax is levied will rise for couples from £650,000 after April 2017.

Political correspondent Chris Mason reports.