IHT receipts fall for first time in 10 years
Residence Nil Rate Band
The taxman received £5.2bn through IHT in 2019-20.
The amount of money HM Revenue & Customs received from Inheritance Tax (IHT) fell in 2019/20 for the first time in 10 years.
The taxman brought in £5.2bn through IHT in 2019-20 a 4% (£223m) decrease on 2018-19. The government department said the drop was likely because of the introduction of the Residence Nil Rate Band in...
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