A new Inheritance Tax loophole which has opened up can help people avoid losing 40 percent of the value of their estate.

Labour in its Budget has targeted tax loopholes, with one unpopular change around farmers Inheritance Tax forcing large farm estates to start paying tax proving especially controversial.

But one change around non-dom status could actually help people avoid paying tax on their estate.

Wealthy Brits retiring overseas could avoid paying any tax on their foreign assets as long as…