IHT receipts rise again as government takes £5bn between April and October

Budget changes to ‘turbocharge’ government tax take

Jenna Brown
clock • 2 min read

Inheritance tax (IHT) receipts for April to October were £5bn - an increase of £500m compared to the same period last year, latest figures show.

Data from HM Revenue & Customs (HMRC) tax receipts and National Insurance contributions data released today (21 November) showed the tax take from IHT was up 11% from the £4.6bn received in the same period in the previous year. Quilter tax and financial planning expert Rachael Griffin said the data underscored the government's rationale for freezing the IHT threshold until 2023 and said Rachel Reeves' round of Budget changes would "turbocharge" receipts. The Budget said pensions incorporated into the taxable estate from April 2027 and Agricultural Property Relief (APR) is made less ge...

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

Finance Act 2006 turns 20: Why adviser awareness is critical

Finance Act 2006 turns 20: Why adviser awareness is critical

Planning considerations for new trusts

Julia Kiff-Brown
clock 11 February 2026 • 6 min read
Onshore bonds are back – but who is leading the call for their return?

Onshore bonds are back – but who is leading the call for their return?

'Innovation, as ever in financial services, starts by looking in the rear-view mirror'

clock 11 February 2026 • 5 min read
Simple savings vehicle for disabled clients welcomed as 'groundbreaking'

Simple savings vehicle for disabled clients welcomed as 'groundbreaking'

Potential to widen access ‘if implemented well’

clock 05 February 2026 • 4 min read