Treasury collects £3.9bn in IHT receipts ahead of record-breaking year

Receipts rise again by £400m at the halfway mark

Isabel Baxter
clock • 3 min read

Inheritance tax (IHT) netted £3.9bn for the HM Treasury between April and September this year, up £400m on the previous period last year, according to latest figures from the government.

This is an 11% increase compared to the £3.5bn paid in tax through the first half of the previous year, setting the Treasury on course for another year of record receipts. The Office for Budget Responsibility's latest forecasts suggest IHT will raise £7.2bn this financial year and will rise as much as £8.4bn in 2027/28. Just Group communications director at retirement specialist Stephen Lowe explained that IHT may turn out to be the government's "magic porridge pot", as the £325,000 threshold freeze until 2028 combined with the 30% increase in property prices over the past six years p...

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