All the inheritance tax changes that could be made at Budget

Rachel Reeves could unveil a series of inheritance tax (IHT) reforms in next month’s Budget, experts have told The i Paper .

The tax – often dubbed Britain’s “most hated” – is charged at 40 per cent on the portion of someone’s assets above £325,000, though there are multiple exemptions and extra allowances that mean many pay less.

It affects only around 4 per cent of estates according to recent figures, but frozen thresholds and rising property prices mean more families are being pulled into its net each year.

Speculation is mounting that Reeves may target IHT for reform on 26 November, as the Treasury looks for fresh sources of revenue.

Last year’s decision to include pension savings within the scope of IHT from April 2027 was one of the biggest shake-ups to the system in ye