Government to target IHT raises in Autumn Budget – reports

It is as yet unknown how many people might pay more, the BBC reported. Question marks also remain over how much they might pay. Prime minister Keir Starmer and chancellor Rachel Reeves are reportedly mulling multiple options when it comes to IHT changes. Currently, around 4% of deaths face an IHT charge, which is levelled at 40% above a £325,000 threshold. Currently, the government raises around £7bn annually via IHT. Some exemptions and reliefs, including gifting rules, could come under fire. Business relief for IHT and agricultural relief could also come under fire. A spokesma...