While the current political focus is on the Conservative party leadership race, the threat of a Jeremy Corbyn led-government still looms.

Geoffrey Todd, partner at Boodle Hatfield, has outlined high net worths’ (HNWs) six key concerns in the event of Corbyn becoming Prime Minister.

1. Removal of IHT reliefs

Labour has announced its plans to lower the inheritance tax (IHT) free allowance to £125,000. Any amount over this would be taxed annually at the same rate as income tax.

Additionally, he is expected to target Agricultural Property Relief and Business Property Relief, which can...