Jeremy Corbyn has announced radical tax changes that would be introduced if he comes to power. These include the removal of the inheritance tax (IHT) relief, which allows people to leave their homes to family tax-free.
The allowance, brought in by George Osbourne in 2017, is also known as the main residence nil-rate band. So what is being proposed and what would it cost you?
Rebecca Fisher appears in The Telegraph discussing how these changes would affect bereaved families should they go ahead.
Labour's inheritance tax reforms would cost you £140,000 more is available to read on The Telegraph website via subscription.
Rebecca is a partner in the private client group advising families and individuals on all aspects of private client law including wills, estate planning, administration of estates, trusts and powers of attorney.