Evening Standard

What is inheritance tax and why might the Conservative Party reportedly scrap it?

Source: PA Archive

Downing Street has denied renewed speculation that the Government is considering scrapping inheritance tax in the spring budget.

On Wednesday (December 27), the Telegraph reported that several Conservative MPs favoured the axing of IHT as part of a general "gear change" on tax.

However, a Downing Street source said it was "just speculation", according

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