Inheritance tax receipts for April to June were £2.2bn, over £100m higher than the same period last year, according to new HMRC figures published today.
Nearly one in 10 estates liable for inheritance tax paid more than £500,000 in the latest available year, with the number expected to soar from April 2027 when unused pensions are set to be included in IHT calculations.
Just 2% of estates have made gifts out of surplus income under inheritance tax rules to minimise their tax burden in the past three years, according to new data.
Inheritance tax receipts for the period April 2024 to March 2025 were £8.2bn, a rise of £0.8bn compared to the same period last year and a new record.
Truth be told, it’s been a bit of a tempestuous week on the old financial markets thanks to a certain Mr Trump.
It’s a shame to admit it, but fear is clearly driving demand for Financial Planning advice in some quarters.
