International tax law distinguishes between an estate tax and an inheritance tax. An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate of a person who has died. However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, and strictly speaking is therefore an estate tax. Inheritance taxes vary widely between countries.
Row over how many farms will be affected by inheritance tax policy - as PM doubles down
Sir Keir Starmer has insisted the "vast majority of farmers" will not be affected by changes to Inheritance Tax (IHT) ahead of a..
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