Do you think inheritance tax should be abolished? Take our survey and have your say

Conservative millionaire Nadhim Zahawi is leading the charge to get inheritance tax removed. Inheritance tax currently generates over £7billion a year to help fund public services such as the NHS and schools.

Shamed Nadhim Zahawi, who was sacked as Conservative Party chairman over his own tax affairs, is leading a charge of more than 50 rebels calling for the abolition of inheritance tax. (

Image: PA/Getty)

Many are divided on inheritance tax and we want to know if you think it should be scrapped altogether.

A Tory millionaire is leading a charge to have it scrapped - although over 93% of estates don't have to pay it and it raises over £7billion a year to help fund estates public services such as the NHS and schools.< /p>

Shamed Nadhim Zahawi, who was sacked as Conservative Party chairman over his own tax affairs, is backed by more than 50 rebels who are calling for the abolition of inheritance tax.

He says he is "haunted" by the thought of paying taxes on his wealth when he dies.

Inheritance tax is a 40% charge on property above the thresholds set by the government.

Wealthy former cabinet minister Jacob Rees-Mogg and ex-Home Secretary Priti Patel are on the right wing calling for its abolition.

Members of the Conservative Growth Group - allies of Prime Minister Liz Truss for 49 days - are about to publish an article trying to convince the Treasury to drop it.

If you don't see the poll, click

They want to see Chancellor Jeremy Hunt abolish it in his autumn statement later this year - but the Treasury says only a small proportion of people pay it - just 7% of estates, in fact.

>

And he pointed out that people can pass estates of up to £1m to their spouse or civil partner without paying inheritance tax.

What do you think? Should we help the rich by abolishing inheritance tax? Take our poll above and expand on your comments below.