What is inheritance tax? All the changes made by Rachel Reeves in the autumn Budget

Rachel Reeves needs the Budget to generate up to £40bn for the government - (House of Commons / UK Parliament / PA Wire)

As part of her tax increase plan, which sought to raise £40bn, Chancellor Rachel Reeves confirmed adjustments to inheritance tax in the Autumn Budget.

The chancellor stated that she sought to adopt "a balanced approach" in the reform of inheritance tax.