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Shaun Moore, tax and financial planning expert at Quilter said: "This increased tax take shows just how big of an impact the ongoing freeze on the nil rate band and residence nil rate band has had."
Inheritance tax (IHT) receipts were £6.1bn during the financial year 2021 to 2022, which is an increase of 14% (£729m) on the financial year before, latest data from HM Revenue & Customs (HMRC) revealed today (28 July).
This the largest single-year rise in IHT receipts since the 2015 to 2016 financial year, when receipts rose by 22% (£848m). In the tax year 2019 to 2020, 3.76% of UK deaths resulted in an IHT ch...
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