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"Figures released today show inheritance tax receipts are becoming more profitable for the Treasury at a time when the Chancellor needs additional funds to pay for the pandemic's economic support schemes." - Shaun Moore
Inheritance tax (IHT) receipts for April to August this year were £2.7bn - £0.7bn higher than the same period a year earlier.
Official figures from HM Revenue & Customs (HMRC), released today (21 September) revealed the increase and follow Chancellor Rishi Sunak's move to freeze the nil rate band in last year's Spring Budget....
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