A number of Labour MPs in rural seats declined to back the government's move to impose inheritance tax on farmers, but just one voted against.

More tightening of the rules around inheritance tax – especially around gifting – could potentially be coming in the Budget. Making safe, smart use of the gifting allowances as they currently stand may be a good idea.

Labour MP Markus Campbell-Savours has had the party whip suspended after refusing to back the Government's inheritance tax raid on farmers, it is understood. The MP for Penrith & Solway MP Markus Campbell-Savours went against his own party on Tuesday night's vote.

Government urged to review farming inheritance tax plans after Commons vote - Backbenchers argued the measure failed to tackle "abuse by the celebrities and the billionaires" who buy farmland to avoid

There are various factors at play, and it is important to look at your own case in isolation. However, broadly speaking, most married couples will be able to pass on £1 million to following generations before incurring IHT.