IHT hit under Labour?

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IHT hit under Labour? The inheritance tax regime would become more punitive under a Jeremy Corbyn led Labour government, argues Jeff Prestridge in the Mail on Sunday, saying the removal of exemptions would be likely, as would higher tax rates. He says Conservative governments have tried to help families shield more assets from the tax but adds that the changes have increased inheritance tax's complexity, prompting Chancellor Philip Hammond to ask the Office of Tax Simplification to see whether the tax could be made fairer and easier to understand – with the outcome of its review imminent.

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