IHT receipts hit £5.2bn as gifting rumours emerge ahead of Budget

Speculation around gifting and trust taxation rules expected

Isabel Baxter
clock • 4 min read

Inheritance tax (IHT) receipts for April to October this year were £5.2bn, latest HM Revenue and Customs (HMRC) figures have shown.

This figure released this morning (21 November) is £200m higher than same period of the previous tax year and continues an upward trend over the last two decades. Wesleyan Financial Services head of intermediary distribution Nick Henshaw warned that clients will be worried that they could face "an even higher risk" of an IHT charge as the government looks at potential tax-raising measures in the Autumn Budget. "It's at times like these that advisers will really add value by helping clients balance their emotional concern with the big picture, and their long-term plans, in mind," he sa...

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