IHT receipts up to £5bn, HRMC figures reveal

'Seek regulated financial advice'

clock • 3 min read
"As IHT is a largely discretionary tax, putting your financial affairs in order will ensure your beneficiaries receive your assets in the most tax efficient way possible," said technical director at Canada Life, Andrew Tully
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"As IHT is a largely discretionary tax, putting your financial affairs in order will ensure your beneficiaries receive your assets in the most tax efficient way possible," said technical director at Canada Life, Andrew Tully

Inheritance tax (IHT) receipts for April 2021 to January 2022 were £5bn, which is £0.7bn higher than in the same period 12 months earlier, latest data from HM Revenue & Customs (HMRC) revealed.

IHT receipts for April to December 2021 were £4.6bn, according to HRMC data published in January. The government figures also suggested receipts in April 2017 to May 2017 and March 2019 and Apri...

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