Inheritance tax receipts have continued to soar for the government, with an expectation of further rises due to thresholds being frozen until 2028.

Inheritance tax (IHT) receipts leapt to £4.1bn between April and October, according to figures released by HMRC today.

Chancellor Jeremy Hunt announced an extension in his Autumn Statement to the freeze on Inheritance Tax thresholds to April 2028.

Business relief is now being used by the majority of wealth managers and financial advisers as an inheritance tax (IHT) planning tool for clients, according to new research.