IHT receipts rise to £3.1bn highlighting estate planning need

Up £0.7bn on last year

Julia Bahr
clock • 2 min read

Inheritance tax (IHT) receipts for April to September this year were £3.1bn, £0.7bn higher than the same period 12 months earlier, highlighting the need for effective estate planning, according to experts

Official figures from HM Revenue & Customs (HMRC) published today (21 October) revealed the increase. Heather Owen, financial planning expert at Quilter said IHT reform remains unlikely. "With the Budget fast approaching, the rumour mill has begun and questions surrounding inheritance changes are beginning to form, with some suggesting, or perhaps hoping, it could be scrapped altogether," Owen said. "While IHT raises relatively little in comparison to the Chancellor's growing list of spending projects, a change of this magnitude is highly unlikely as the Treasury needs every penny it ...

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