By City A.M. Comment Desk Inheritance tax, sometimes dubbed ‘Britain’s most hated tax’, currently stands at 40 per cent and is paid on estates worth over £325,000, although there are a range of exemptions which mean only five per cent of deaths are taxed and often at a much lower effective rate. As the Chancellor prepares to review taxes in the Autumn Budget, what should she do with IHT? Scrap it completely There can be no doubt that a reduction in inheritance tax is unambiguously off the table under this new government. A lesson in the use of power. The Conservatives had 14 years to reform th…