Rising IHT receipts should be 'wake-up call' to take tax advice

IHT receipts were £5.3bn in 2020/21 and £6.1bn in 2021/22 demonstrating how "increasingly lucrative" the tax is for the government, according to Just Group. It also pointed out that the Office for Budget Responsibility's latest forecasts suggested IHT would raise £7.2bn this financial year and as much as £8.4bn by 2027/28 as more estates get caught by the frozen thresholds. Just Group communications director Stephen Lowe said: "The past two years have seen increases of 14% and then 17% in IHT receipts which are growing by nearly £1bn every 12 months. This year has already got off to a...