Rishi Sunak is drawing up plans to slash inheritance tax, which his officials have called “the most hated tax in Britain”.
Cutting the levy before eventually abolishing it entirely is one of a raft of crowd-pleasing announcements being considered before next month’s Conservative Party conference.
As part of his pledge to announce a series of long-term decisions designed to change Britain, Sunak would frame the policy as an “aspirational offer to voters” ahead of the general election.
•What is inheritance tax and how can you reduce it?
Inheritance tax is charged at 40 per cent for estates worth more than £325,000, with an extra £175,000 allowance towards a main residence if it is passed to children or grandchildren. A married couple can share their
