Inheritance tax: how does it work and what may be changing?

The Treasury is looking at ways to raise more money from IHT, the Guardian has learned. Here’s how it could affect you

• Treasury targeting inheritance tax changes to help plug UK deficit

The Treasury is looking at ways to increase the money it collects through inheritance tax (IHT), sources have told the Guardian.

Ideas on the table include a review of the rules on giving away assets, with one possibility being the introduction of a lifetime cap on how much an individual can donate.

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