Govt IHT tax take rises 33% from 2020

Receipts between April and June were £1.5bn in total

clock • 1 min read
Govt IHT tax take up 33% from 2020
Image:

Govt IHT tax take up 33% from 2020

HM Revenue & Customs (HMRC) received £1.5bn in IHT receipts between April and June 2021, a 33% of £400m from the same period in 2020.

The government has commented that higher receipts in 2021, as well as in the second of 2020, are likely to be due to the pandemic creating more transfers. However, this cannot be verified until ...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Estate planning

LV= said: "Due to property price inflation, mortgage terms today are much longer than they were historically, and therefore many people may find themselves at retirement age without having fully paid off their mortgage."
Retirement

1.5m UK adults retire with outstanding home loans - LV=

'Navigating the cost of living crisis'

Julia Bahr
clock 24 June 2022 • 3 min read
IHT receipts up £0.1bn, HRMC figures reveal
Estate planning

IHT receipts up £0.1bn, HRMC figures reveal

‘Successive year-on-year rises’

Ayesha Venkataraman
clock 23 June 2022 • 5 min read
Richard Burgess: "Modern family dynamics are poorly served by the intestacy rules."
Estate planning

Richard Burgess: Raising the profile of wills and LPAs with clients

Wills and LPAs explained

Richard Burgess
clock 07 June 2022 • 4 min read