UK inheritance tax receipts reach £7.1bn in latest HRMC data

HM Revenue & Customs (HRMC) successful the UK has reported that inheritance taxation (IHT) receipts for the play April 2025–January 2026 totalled £7.1bn.

This fig is astir £100m higher than the aforesaid play past year.

Commenting connected the increase, Bentley Reid Wealth Management manager Mike Winstanley said: “The latest HMRC figures amusement IHT receipts continuing their upward trajectory. We person present seen consecutive record-level years for IHT, and the absorption of question is clear.

“In practice, this is being driven by a prolonged frost successful the nil-rate set and residence nil-rate band, combined with sustained maturation successful spot values and concern portfolios implicit the past decade. As a result, much families who would not traditionally person considered themselves exposed to IHT are present firmly wrong scope.

“For clients, the interaction is progressively material. IHT astatine 40% is not marginal, it meaningfully alters the intergenerational transportation of wealth. Where an property sits astatine £3m–5m, the taxation liability tin comfortably transcend £1m without structured readying successful place.”

HMRC’s broader figures for the taxation instrumentality and National Insurance (NI) contributions implicit the aforesaid clip framework amusement gross receipts of £784.9bn. This represents an summation of £65.6bn connected the equivalent play successful the erstwhile year.

On a currency basis, the authorization recorded higher inflows from Income Tax, Capital Gains Tax and NI contributions, which unneurotic accrued by £52bn to £460.7bn.

Value added taxation receipts roseate by £9bn to £154.3bn successful the aforesaid ten-month period, portion stamp work and related stamp taxes were up £1.9bn, totalling £17bn.

Business taxation receipts for April 2025–January 2026 were £81.8bn, a £1.8bn summation from than the aforesaid play past year.

"UK inheritance taxation receipts scope £7.1bn successful latest HRMC data" was primitively created and published by The Accountant, a GlobalData owned brand.

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