Inheritance tax (IHT) receipts for April 2026 to July 2026 were £3.2bn, £100m higher than the same period last year.
For July, IHT receipts totalled £868m, compared to the £844m recorded in July 2025. This continued rise followed receipts of £871m in June 2026 and came after a fifth consecutive record year for IHT receipts, which reached £8.5bn in 2025/26. Utmost head of UK technical services Simon Martin said the increase in IHT revenues raises questions about the UK's attractiveness to wealthy individuals. "While these changes may increase tax revenues in the short-term, it raises wider questions about the UK's attractiveness to entrepreneurs and wealth creators who are more internationally mob...
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