It’s not something anyone wants to think about for too long, but unfortunately Inheritance Tax – sometimes called the ‘death tax’ – is in the news again this week due to fears that the new Labour government might look to the tax as a way to raise money for the UK’s ailing coffers.

New Chancellor Rachel Reeves is expected to announce funding cuts to plug a £20billion ‘black hole’ in public finances which Labour says is due to unfunded National Insurance cuts by the