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

‘More good news for the Treasury’ as April nets £0.6bn

Jenna Brown
clock • 2 min read

Inheritance tax (IHT) receipts for April 2023 again crept higher reaching £0.6bn, which is £0.1bn up on the same period last year, latest figures reveal.

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...

To continue reading this article...

Join Professional Adviser for free

  • 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

More on Tax planning

Budget Media Watch: Labour could scrap 'family farm tax'

Budget Media Watch: Labour could scrap 'family farm tax'

What the papers are saying about the Budget

Sophia Panayi
clock 22 September 2026 • 2 min read
CGT receipts see monthly rise but fall short year-on-year

CGT receipts see monthly rise but fall short year-on-year

CGT receipts reached £198m for August 2026

Sophia Panayi
clock 22 September 2026 • 3 min read
Royal London launches estate and inheritance planning framework

Royal London launches estate and inheritance planning framework

To help advisers prepare for ‘significant changes’ in April 2027

Jenna Brown
clock 22 September 2026 • 2 min read