IHT receipts surge to £4.3bn in first half of 2024, £400m higher than last year

Ahead of next weeks’ Autumn Budget Inheritance tax (IHT) receipts have hit £4.3bn in the six months from April to September 2024, according to figures published by HM Revenue and Customs (HMRC). This is £400m higher than the same period in the previous tax year and continues the upward trajectory over the last two decades. Higher receipts from March 2022 …

Inheritance tax receipts hit £2.8 billion in first four months of the year – Industry Reaction

Inheritance Tax receipts for April 2024 to July 2024 are £2.8 billion, which is £0.2 billion higher than the same period last year, HM Revenue and Customs revealed today. Following the release of this data, industry experts have shared their thoughts with IFA Magazine. Laura Hayward, Tax Partner at professional services and wealth management firm Evelyn Partners, says: “Annual rises …