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 ...

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

How philanthropy can help start the succession conversation

How philanthropy can help start the succession conversation

'For advisers, philanthropy can be an effective way to unlock succession conversations'

Isabelle Smith
clock 12 March 2026 • 6 min read
CGT tax changes force advisers to rethink planning strategies

CGT tax changes force advisers to rethink planning strategies

‘CGT is no longer a peripheral issue for advisers or their clients’

Jenna Brown
clock 10 March 2026 • 2 min read
Webinar today: IHT on pensions – Advisers' questions answered

Webinar today: IHT on pensions – Advisers' questions answered

Join us on 10 March 2026

Professional Adviser
clock 10 March 2026 • 1 min read