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

Speculation around gifting and trust taxation rules expected

Isabel Baxter
clock • 5 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

Advisers report more clients needing CGT advice after slashed thresholds

Advisers report more clients needing CGT advice after slashed thresholds

Clients needing CGT support doubles to 37%

Isabel Baxter
clock 20 November 2025 • 2 min read
Nasty shock? Personal representative duties post-6 April 2027 explained

Nasty shock? Personal representative duties post-6 April 2027 explained

'The buck stops with the PR'

Lisa Webster
clock 20 November 2025 • 3 min read
Providers ramp up prep for 2027 pension IHT changes

Providers ramp up prep for 2027 pension IHT changes

‘We’re working behind the scenes to prepare our systems’

Sahar Nazir
clock 20 November 2025 • 2 min read