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

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...