The number of estates that paid IHT on lifetime gifts has increased from 590 in 2011/12 to 1,300 in 2020/21, according to data obtained by Evelyn Partners in response to a freedom of information request, with the total paid more than doubling from £101m to £256m. The average tax charge payable by beneficiaries on lifetime gifts also increased from £171,186 to £196,923 over the same period.
The number of estates that paid IHT on lifetime gifts has increased from 590 in 2011/12 to 1,300 in 2020/21, according to data obtained by Evelyn Partners in response to a freedom of information request, with the total paid more than doubling from £101m to £256m. The average tax charge payable by beneficiaries on lifetime gifts also increased from £171,186 to £196,923 over the same period.
