IHT receipts continue climb to £7.1bn

Experts note ‘fairly modest’ growth

Jen Frost
clock • 3 min read

Inheritance tax (IHT) receipts hit £7.1bn for April 2025 to January 2026, £100m higher than the same period the prior year, according to HM Revenue & Customs (HMRC) data.

The latest figures suggest that IHT receipts are on track for another record-breaking year, with two months' worth yet to be collected. "Inheritance tax is an important and growing source of tax revenue for the Treasury and looks set to creep past last year's total and notch up a fifth consecutive annual high," said Just Group director David Cooper. "The combination of frozen thresholds and rising asset prices combined has both widened the tax base and increased total receipts." IHT receipt growth ‘fairly modest' While this morning's (20 February) figures from HMRC show an expected ...

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Jen Frost
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Jen Frost

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