We came across another story regarding inheritance tax (IHT) the other day – part of the ongoing saga of reforms that have been in the news the past few years. It has been reported that the Conservative party have made claims that they will change the laws surrounding IHT ahead of the general election in May, the Society of Trust and Estate Practitioners (STEP) has reported. Chancellor George Osborne has stated that IHT should only be paid by the rich and the thresholds for paying IHT will therefore be raised.