Speculation is intensifying that next week’s budget could include sweeping changes to inheritance tax designed to raise billions of pounds.
Only about one in 20 UK estates now attract inheritance tax (IHT), but it is a topic that always arouses strong feelings. Some thinktanks say there are loopholes in the rules that allow the well-off to avoid paying their fair share and which need to be closed, while others such as the TaxPayers’ Alliance have urged Rachel Reeves to rule out increasing this “hated death tax”.
