What is Inheritance Tax? Rishi Sunak reportedly scrapping levy to save seats

Downing Street was said to be discussing whether to make abolishing the levy a commitment.

Conservatives hope to defend constituencies vulnerable to gains from opposition parties.

Supporters argue that the policy could be a “game-changer” in the south of England, as first reported by The Times.

Inheritance tax is only paid by around 7% of estates and couples can transfer £650k (or £1m in property) tax-free. The…