With the Autumn Statement scheduled for 17 November, the Chancellor Jeremy Hunt is set to freeze inheritance tax thresholds at the current £325,000 for the next six years.

Although only a small percentage of estates pay inheritance tax, it is an unpopular tax. IHT raised £6bn in tax year 2021/22, up from £5.2bn the previous year.

Unsurprisingly freezing the IHT threshold is on the menu for tax cuts; after all, it has not increased since 2008 when it was £312,000. The last increase to the residential nil rate band was in April 2020, when it went up to £175,000. 

A recent YouGov poll commissioned by law firm Kingsley Napley LLP shows little support for the government bolstering tax take from IHT, despite the current pressure on public finances.