IHT receipts up 54% year-on-year in April and May

£5m in tax receipts

clock • 1 min read
The data also revealed full-year IHT receipts of £5,326 million for 2020-2021. A £204 million increase from the year before.
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The data also revealed full-year IHT receipts of £5,326 million for 2020-2021. A £204 million increase from the year before.

Inheritance tax (IHT) receipts for April and May 2021 were more than 50% higher than the same two months in 2020, according to the latest data from HM Revenue & Customs.

HMRC said the 54% year-on-year hike could be the result of"high volumes of wealth transfers that took place during the Covid-19 pandemic". That said, the taxman could not verify that theory unti...

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