Government considering cuts to inheritance tax, reports say

The Sunday Times reported government officials are considering cuts to inheritance tax ahead of the general election.

rishi sunak
(Image credit: Getty Images)

Prime Minister Rishi Sunak is reportedly drawing up plans to cut inheritance tax with the end goal of scrapping it altogether. 

Under the plans, first reported by The Sunday Times, the most hated tax in Britain could be reduced from 40% as soon as the budget in March. 

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.