IHT receipts dip again in May to £1.4bn but 'direction of travel' clear

Receipts for April were also lower at £715m, down £65m on the previous year. Quilter tax and financial planning expert Shaun Moore highlighted that while May's numbers marked another month of lower receipts compared to last year's record total, the long-term prospects for IHT were clear. "While monthly figures can fluctuate, the broader direction remains clear, with more estates being drawn into scope as thresholds remain frozen and asset values persist. "Following Andy Burnham's just announced victory in the Makerfield by-election, the wider debate around wealth taxation is likely...