S ince the summer, there have been rumours that the government is looking to cut inheritance tax. The prospect of an early election has only heightened speculation that this is coming in the March budget. While commentators and pundits argue over the question of whether or not a cut is coming, they miss the more important question: how will an inheritance tax cut be made? When he stands up on 6 March, Jeremy Hunt will have two options for how he could make such a cut. The first, reported to be popular among those on the right of the party, is simply to cut the headline rate. Halving it to 20% would cost about £5bn, and would…
