Inheritance tax - should we buy a bigger / more expensive house?

Two questions:

1. Our current home is worth around 500,000 - if I understand the rules correctly, for IHT purposes we would be better off owning a home that is worth somewhere north of that - correct?

2. I understand the higher main residence allowance tapers if assets are greater than 2 million. Does that mean just property assets or total assets?
Money won't buy you happiness....but I have never been in a situation where more money made things worse!

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