Naturally this would be very good news to many of you if it were true. Sadly it's not true...but it could be!
However it would need the Tories to win the general election and get into power to make it a reality.
The Conservatives have unveiled their manifesto for a snap general election with the unveiling of stamp duty and inheritance tax cuts financed by increasing levies on millionaires who are not classed as residing in Britain.
George Osborne, the Shadow Chancellor, said that that a Conservative government would remove stamp duty for hard-pressed first time buyers, and promised tax breaks worth £2,000 a year for 1.8 million families raising children.
Osborne's promise means that the Tories would raise the threshold at which death duties must be paid on estates to £1 million pounds, from £300,000 now, is a bold move.
Soaring house prices in the past ten years have sucked many middle-class families into the net for death duties, or inheritance tax and because of this, Osborne said, "In a Conservative Britain, only millionaires will pay death duties."
The party is also proposing to exempt over 200,000 first-time home buyers from paying property taxes on houses worth up to £250,000.
Both measures would be financed through an annual levy of £25,000 a year on rich foreigners living in Britain who pay no tax on their overseas income!
Wealthy foreigners such as Chelsea football club owner Roman Abramovich and steel magnate Lakshmi Mittal have come to London, but the relatively small amount of tax paid by such people who do not have their tax base in Britain has sparked widespread anger.
It was Gordon Brown when he was Chancellor that encouraged foreign millionaires to live, and spend their money, in Britain!
Mr Osborne denied that the measure, if enacted, would drive people away from the UK:
"People have a choice; you can either register for this offshore status and pay this levy or you of course bring your tax affairs onshore. I don't want to drive people away from this country. I think it is incredibly important for London and the whole of the UK economy that we have residents here, people who bring their wealth and their talent and their ingenuity."
"I don't want to go chasing their income in offshore bank accounts; I don't want to set up some incredibly complicated system for finding that income... All I am asking these people to do ... is that they pay this levy which I think is set at a pretty modest amount for most of them" he added.
The Tories also said that they would get rid of the highly controversial Home Information Packs, after Shadow housing minister Grant Shapps said that the Government had ignored repeated warnings about them.
Mr Shapps said: "The experts ridiculed them. The industry doesn't want them. The market doesn't need them. And I can pledge to you today, the next Conservative government will scrap them."
The Tories have fought a fierce campaign against HIPs, which were introduced in stages earlier this year after a series of delays.
Mr Shapps accused ministers of ignoring repeated warnings that, far from streamlining the house-buying process, HIPs were "clumsy and ineffective.
So, are the Conservative proposals economical and realistic?
And if so, would they be worth voting the Tories in for at the next General Election?
Why not let us know what you think?
HIPS hit 3 bedroomed homes