Rumours are swirling that inheritance tax (IHT) could be cut or eradicated in the Autumn statement at the end of the month. This is good news as the so-called death tax is unpopular, but it is surprising that the government is considering tinkering with it given that it is quite a moneymaker for them.
In the last financial year, a record £7.1bn was collected. That is £1bn more than the year before.