IHT receipts £0.7bn higher than same period last year - HMRC | Today's Wills and Probate

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IHT receipts £0.7bn higher than same period last year - HMRC | Today's Wills and Probate

Inheritance Tax receipts for April 2024 to January 2025 are £7.0 billion, which is £0.7 billion higher than the same period last year, HM Revenue & Customs has revealed. Ian Dyall, Head of Estate Planning at wealth management firm Evelyn Partners, said that the monthly increase in inheritance tax receipts leaves “little doubt” that this will be another record tax year for IHT revenues as estates across the UK continue to grow in value and nil-ra…