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...

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

Financial planner Depledge partners with law firm for IHT on pensions prep

Financial planner Depledge partners with law firm for IHT on pensions prep

Unspent pension pots come into scope in eight months

Isabel Baxter
clock 17 August 2026 • 3 min read
CGT: A stealth tax representing advice opportunity

CGT: A stealth tax representing advice opportunity

'The sharpest sense of grievance may be among business owners'

Andrew Aldridge
clock 12 August 2026 • 8 min read
The forgotten side of IHT planning: Giving clients permission to enjoy their wealth

The forgotten side of IHT planning: Giving clients permission to enjoy their wealth

'I believe IHT planning is becoming as much about psychology as legislation'

Lee Quinn
clock 11 August 2026 • 4 min read