Helen Miller, Deputy Director at the Institute for Fiscal Studies, and David Sturrock, an IFS expert on inheritances, dive into the recent budget changes affecting inheritance tax. They discuss how just a small part of the £40 billion tax hike is from inheritance tax, yet it's dominated the headlines, especially regarding farmers. The conversation highlights the complexities of the tax, its perceived fairness, and its impact on various wealth demographics, including significant challenges for individuals with assets tied up in their homes.
