Total IHT receipts reach £5.4bn in 2018/19

The total was a 3% increase on the previous tax year. The amount HMRC has raised through IHT has more than doubled in the past nine years, according to provider AJ Bell. It said IHT bills had been rising steadily since 2009/10 mainly as a result of the government decision to freeze the nil-rate band at £325,000. Senior analyst Tom Selby said: "With the nil-rate band frozen at £325,000 for a decade, it is no surprise that HMRC continues to rake in record sums through IHT. "The world of inheritance tax is painfully difficult to navigate and while the wealthiest should be able to affo...