Inheritance tax receipts on track for record year as take hits £2.6bn

More people are being hit by inheritance tax as rising property prices translates to more estates becoming liable for the tax.

Inheritance tax on calculator
(Image credit: Getty Images)

 

Inheritance tax (IHT) receipts totalled £2.6bn between April and July 2023, a £237m increase compared to the same period last year as a combination of fiscal drag and higher house prices pull more taxpayers into the IHT net

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Pedro Gonçalves
Contributor

Pedro Gonçalves is a finance reporter with experience covering investment, banks, fintech and wealth management. He has previously worked for Yahoo Finance UK, Investment Week, and national news publications in Portugal.