Will the UK middle class suffer from Reeves' inheritance tax raid?

The UK government needs to raise a lot of money, and fast. However, they’ve also promised not to target certain headline personal taxes. So, will Chancellor Rachel Reeves plug a roughly £50bn fiscal black hole with taxes on wealth? Well, reports are emerging that the Chancellor is planning a crackdown on Inheritance Tax, in particular on gifting cash. At the moment, as long as a cash gift is made more than seven years before death, it’s entirely tax-free. However, it’s not just the super-rich who are gifting chunks of their estates before they die; it’s the middle-income taxpayers too. Click the related video link for more on this story ▶️ #uk #news #middleclass #politics #labourparty #rachelreeves #autumnbudget #economics #economy #finance #personalfinance #tax #inheritancetax #money #business