IHT receipts up 12% year-on-year ahead of Autumn Statement

This is a 12% increase on the same period in the previous year (£4.1bn through the first seven months). The figures come a day before the Autumn Statement, with speculation that chancellor Jeremy Hunt would use the Budget to propose a cut to IHT. Nucleus technical services director Andrew Tully said: "It looks set to be another record-breaking year for IHT receipts, unless the government moves to cut the headline rate as rumours suggest. And with the Office of Budget Responsibility predicting the IHT take will be £8.4bn in 2027/28, receipts are set to continue growing strongly despite...