IHT receipts jump 21%

IHT receipts taken by HMRC have jumped to a record-high of £4.6bn in 2015/16 up 21% from £3.8bn a year earlier says Wilsons a private client law firm. The £4.6bn collected by HMRC in the last year is an increase of 70% from 2010/11 when the total amount raised was just £2.7bn.

Wilsons said that a major driver of the increase is that more estates are being caught in the ‘IHT net’ as property prices rise.