A one-month warning has been issued to inheritance tax taxpayers amid a huge shake-up. Inheritance tax is reportedly in the Labour Party and Chancellor Rachel Reeves' crosshairs ahead of the Autumn Budget.

Reme Holland, financial planning partner at accountancy firm Albert Goodman, said: "Inheritance tax is one of those areas that is always under the spotlight, and it seems to be a popular point of discussion at the moment.

"We’ll see what happens in October, November time, but I would always say, don’t make any rash decisions. Seek advice first before you do anything."

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"Every individual has a nil rate band of £325,000, which means you can have assets worth up to £325,000 and not be liable for any inheritance t

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