READ MORE Joe Cobb, Partner at JMW Solicitors, said he believes Mr Sunak will reduce relief options for people. He told Express.co.uk: “There has been much speculation about what the Chancellor might change in the Spring Budget, with Inheritance Tax (IHT) appearing high up the possible list of changes. “It is possible that the Chancellor might seek to restrict access to certain IHT reliefs, for example, the generous 100 percent relief applying to holdings of shares listed on the Alternative Investment Market, or seek to tinker with the tax-free amount. “The introduction around five years ago of the 'Residential Nil Rate Band' - to give relief on residential homes up to the value of £175,000 passing to a direct descendant - was effected with poorly drafted and complex legislation, and it has the effect of lifting many people out of the scope of IHT.