Jonathan Simmons: Labour's plan to reform IHT

Inheritance tax take is expected to break all records in the current financial year (2019/20) with £5.6bn set to be collected by HMRC. With more work needed to be done in the sector on efficient financial planning, there have also been calls by opposing political parties to weigh in on the issue of inheritance tax. The Labour Party has unveiled its political manifesto in the run up to the general election with Jeremy Corbyn making several promises spanning areas such as pensions and tax. However, one particular pledge sees Jeremy Corbyn's plans to reverse the inheritance tax (IHT) cut...