The Chancellor, Rachel Reeves, has extended the freeze on Inheritance Tax thresholds to 2030.  The means that allowances remain the same in that up to £325,000 of a deceased estate can be inherited without paying IHT, rising to £500,00 if the estate includes a residence that passes to a direct descendent, such as from mother to daughter, and up to £1m when a tax-free allowance is passed to a surviving spouse or civil partner.