IHT receipts hit £2.4bn

IHT receipts hit £2.357bn for April to August, HMRC has revealed.

The figures could be the last published before a detailed report commissioned by the Chancellor is released by the Office of Tax Simplification (OTS).

NFU Mutual chartered financial planner Sean McCann said: “The OTS report on inheritance tax is imminent and it’s likely the Chancellor will want the recommendations to the part of his Budget considerations.

“Inheritance tax is deeply unpopular and fiendishly complicated. Recent changes have just added to the problem, in many instances the complexity of the rules means that many families are missing out.”

    Share Story:

Recent Stories

Mortgage Insider Episode 6: Training and development with Barclays' Ross Martin and Brightstar's Clare Jupp
Barclays brings you the Mortgage Insider podcast to help make sense of this extraordinary time. Presenters Claire MacPhail and Tony Rimmer talk to industry figures about the fast-changing market

Exploring EARTH
Adam Cadle speaks to Edward Lees, Co-head of environmental strategies group, BNP Paribas Asset Management, about the investment opportunity for the coming decades: the environment.


Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.