What can people do if Rachel Reeves sets a cap on lifetime gifts?

The Treasury is reportedly exploring options to raise additional revenue from inheritance tax ahead of the autumn budget.

According to The Guardian, officials are examining whether tightening rules around the gifting of assets and money could help address the UK's multi-billion-pound fiscal shortfall.

Among the reported inheritance tax measures under consideration is a potential cap on lifetime gifts.

The Daily Express is looking for experts to explain how lifetime gifts currently work, what the Chancellor might do in relation to a cap on them and what actions our readers might want to consider IF Rachel Reeves were to set a cap.