Plans to scrap inheritance tax (IHT) reported to have been drawn up by prime minister Rishi Sunak over the weekend are being taken with a pinch of salt across the industry.
The PM is expected to frame the policy as an "aspirational offer to voters" ahead of the general election, according to The Sunday Times. Sunak's officials have label IHT as "the most hated tax in Britain". Despite the report, Sunak today (25 September) refused to comment on speculation that he is looking to abolish IHT next year. The Times reported that the PM has not denied that he is considering slashing IHT or removing it altogether. Sunak said he would "never comment" on tax speculation and argued that "the most important tax" he can deliver is to "halve inflation". IHT receip...
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