Скачать или смотреть Will the UK middle class suffer from Reeves' inheritance tax raid?

The UK government needs to raise a lot of money, and fast. However, they’ve also promised not to target certain headline personal taxes.

So, will Chancellor Rachel Reeves plug a roughly £50bn fiscal black hole with taxes on wealth?

Well, reports are emerging that the Chancellor is planning a crackdown on Inheritance Tax, in particular on gifting cash. At the moment, as long as a cash gift is made more than seven years before death, it’s entirely tax-free.

However, it’s not just the super-rich who are gifting chunks of their estates before they die; it’s the middle-income taxpayers too.

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Produced by: Maria Ward-Brennan, Scarlett Wild, Matt Kenyon, Emmanuel Nwosu

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