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Labour you may choose to reduce or down it exclusion, widening the newest scope from inheritance tax. A released recording of a shade frontbencher has elevated anxieties one Labour would be considered a raid to the members of the family wealth after passing. Darren Jones, the new shadow master secretary on the Treasury, told a general public fulfilling inside the March one genetics taxation (IHT) could be used to “redistribute wealth” and you can target “intergenerational inequality”.

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