IHT receipts up to £4.6bn, HRMC data reveals

‘Starting effective estate planning early is crucial’

clock • 3 min read
IHT receipts up to £4.6 bn, HRMC data reveals
Image:

IHT receipts up to £4.6 bn, HRMC data reveals

Inheritance tax (IHT) receipts for April to December last year were £4.6 bn, some £0.6 bn higher than in the same period 12 months earlier, latest figures from HM Revenue & Customs (HMRC) revealed.

The government data also showed receipts in April 2017 to May 2017 and March 2019 and April 2019 were particularly high. HRMC said it reflected announcements of rises to probate fees in England and...

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

Author spotlight

Julia Bahr

More on Estate planning

April IHT receipts up £10m on last year, HMRC reveals

April IHT receipts up £10m on last year, HMRC reveals

‘Boost for the Treasury’s coffers’

clock 24 May 2022 • 7 min read
David Downie: Express trust registration - what advisers need to know

David Downie: Express trust registration - what advisers need to know

Deadline appraoching

David Downie
clock 18 May 2022 • 5 min read
When one partner of an unmarried couple dies, their estate becomes liable for IHT on any assets above the IHT allowance, according to Alcock, independent financial adviser at Continuum

Unmarried couples over 70 at risk of large IHT bills as cohabiting rises - Continuum 

‘Succession planning may be the answer’ 

clock 16 May 2022 • 2 min read