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Tax take soars as IHT receipts hit £1.4bn in 2 months

Inheritance Tax receipts are rising strongly along with a number of other tax revenues, producing a mini-windfall for the government.

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IHT receipts leap £400m to £7.5bn

New figures published today by HMRC have revealed that inheritance tax receipts for 2023/24 climbed £400m to a new record £7.5bn.

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IHT is top financial concern for wealthy Britons

Inheritance tax remains the top financial concern among wealthy Britons, followed by gifting without losing control and maintaining lifestyles, according to research from RBC Wealth Management.

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IHT receipts set for record total

The latest HMRC inheritance tax receipts published today have revealed that £5.7bn was collected in the first three quarters of the 2023/24 financial year.

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